50 Pesos

The Banco y Casa de Moneda de la Provincia de Buenos Aires occupied a peculiar institutional position: simultaneously a note-issuing bank and the provincial mint, a dual function that reflected the financial improvisation characteristic of Argentine provincial governance in the mid-nineteenth century. By 1867, the province had been operating its own monetary system largely independent of the national government, a tension that would not be formally resolved until federalization of Buenos Aires in 1880.

PS#475 sits in a series where surviving examples are genuinely uncommon — high-denomination provincial notes from this period circulated hard and were rarely preserved.