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20 Pesos

Issuer Administración de Hacienda y Crédito Público
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Currency Peso (1863-1914)
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Obverse description Specimen note of the Argentine Confederation, with a central vignette of a standing horse in intaglio engraving at the top centre. The four corners each carry the denomination '20 PESOS' within ornamental panels, and a fine guilloche border frames the entire note. A bold central text panel bears the issuing legend and denomination in both letterpress and script, with a manuscript date line reading 'Ley de ___ de 185_' and a serial number field above.
Obverse lettering 20 PESOS
LA CONFEDERACION ARGENTINA
reconoce este billete por VEINTE PESOS, 20 Pesos de una Onza Castellana de plata, y de diez dineros de ley cada uno.
Por la Administracion de Hacienda y Credito Publico.
Ley de ___ de 185_ No.
SPECIMEN
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The Administración de Hacienda y Crédito Público issues are among the more politically tangled pieces of Mexican Revolutionary-era paper, circulating during a period when multiple competing authorities were printing money simultaneously and public trust in any paper currency was essentially nonexistent. Regional acceptance depended almost entirely on which faction held military control at the moment of transaction.

PS prefix in the Pick catalog denotes a state or provisional issue — this one falls outside the federal Banco de México framework entirely.