200 Pesos

The Junta de la Administración de la Casa de Moneda was the issuing arm of the Buenos Aires mint under the Rosas government, functioning effectively as a provincial bank of issue during a period when the Argentine Confederation had no central monetary authority. Notes like this one circulated in a local economy still largely tied to cattle-hide commerce and subject to chronic peso devaluation — by the late 1840s, inflation had already eroded confidence in paper to a significant degree.

PS#410 places this among the rarer surviving denominations from the 1848 Buenos Aires series. Paper fragility and the political upheaval following Rosas's fall at Caseros in 1852 account for the attrition.