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| 背面描述 | The reverse is printed in a pale brown-tan tone and composed entirely of intricate guilloche lathe-work borders and a symmetrical arrangement of twelve circular medallions bearing provincial Argentine coats of arms, disposed around the perimeter of the note. The central panel carries the denomination inscription 'TRES PESOS FUERTES' in bold serif lettering flanked by numeral '3' counters at left and right. A rectangular oval cancellation handstamp reading 'PAGADO' is applied diagonally across the centre. |
| 背面铭文 | TRES PESOS FUERTES 3 |
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Banco Nacional was one of several private banks operating in Argentina under the 1854 provincial banking law, and its notes circulated alongside — and often competed with — provincial emissions of wildly varying reliability. The American Bank Note Company handled much of the prestige printing work for South American issuers during this period, and the quality of engraving and paper was typically well above what circulating conditions actually preserved.
PS651 is a scarce survivor. Argentine private bank paper from this era suffered badly from the financial instability of the 1870s, and many Banco Nacional notes were withdrawn before the institution was reorganized in the lead-up to the 1890 Baring Crisis restructuring of Argentine banking.