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200 Pesos Fuertes
| Issuer | Banco Nacional |
|---|---|
| Year | 1873 |
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| Reference(s) | P#S658 |
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|---|---|
| Obverse lettering | DOSCIENTOS 200 Buenos Ayres, Agosto 1.o de 1873 EL BANCO NACIONAL Pagará al portador y á la vista, DOSCIENTOS PESOS FUERTES en las monedas determinables por la Ley Nacional. EL INSPECTOR EL DIRECTORIO DON JUAN JOSÉ PARDO |
| Reverse description | Printed in black with orange underprint, the reverse is organised around a large central vignette of the Argentine national coat of arms, encircled by a symmetrical arrangement of provincial flags and lances grouped in radiating fan formations, each flag bearing the name of an Argentine province on a ribbon banner. Orange numeral '200' cartouches occupy all four corners, set against a finely engraved lace-pattern guilloche border. |
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| Comments |
Banco Nacional was Argentina's first true national bank, established in 1872 under President Sarmiento as a federally chartered institution meant to consolidate the country's chronically fractured banking system. It lasted barely a decade — the bank collapsed in 1876 amid a severe financial crisis triggered by falling export revenues and unsustainable government debt, which means this 1873 note was circulating almost precisely as the institution was sliding toward insolvency.
The American Bank Note Company printed the entire Banco Nacional series from its New York shops. High-denomination issues like this one saw limited street circulation under normal conditions; by the mid-1870s, most were effectively stranded on the books of creditors who had little hope of redemption.