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200 Pesos

Issuer El Gobierno Nacional, Confederación Argentina
Year 1857
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Shape Rectangular
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Obverse description Horizontal rectangular note with a typeset border of repeating guilloche ornaments framing the entire design. The upper portion carries the heading "LEY DE 1.° DE OCTUBRE DE 1857" and the central legend "CONFEDERACION ARGENTINA" flanked on each side by the numeral "200". Below, the text states the series and payment terms, followed by a handwritten date "Paraná, á 1.° de Octubre de 1857". The main body contains a printed promise-to-pay text in Spanish by "EL GOBIERNO NACIONAL", with the denomination "DOSCIENTOS PESOS" spelled out in the body and repeated vertically along both lateral margins and across the bottom.
Obverse lettering LEY DE 1.° DE OCTUBRE DE 1857
CONFEDERACION ARGENTINA
SEGUNDA SERIE PAGADERA DESDE 1.° DE ENERO DE 1,858.
Paraná, á 1.° de Octubre de 1857.
EL GOBIERNO NACIONAL promete pagar al portador la cantidad de DOSCIENTOS PESOS
El Ministro de Hacienda El Contador General El Tesorero
DOSCIENTOSPESOS
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Comments

The Confederación Argentina — the rump state that governed from Paraná after Buenos Aires seceded in 1852 — issued this note through its Ministerio de Hacienda at a time when the Confederation had no functioning central bank and desperately thin fiscal resources. Printing locally in Paraná rather than contracting a European house was a practical necessity, not a choice; the Confederation lacked the credit and the cash to do otherwise.

The result was a technically modest product by mid-century standards. Notes of this series are rarely encountered today, largely because the Confederation itself ceased to exist after Buenos Aires defeated Urquiza's forces at Pavón in 1861 and absorbed the remaining provinces.