4 Reales

The Provincias Ligadas del Norte was a short-lived political alignment of northern Argentine provinces — Tucumán, Salta, Jujuy, and Catamarca — formed in the early 1840s amid the broader civil conflict between Unitarians and Federalists. The Banco Hipotecario de Tucumán operated within this fractured political environment, issuing notes backed nominally by mortgage credit at a time when any stable credit instrument in the interior provinces was a rarity.

The handstamp security feature reflects the makeshift authentication methods common to provincial Argentine banking before centralized oversight existed. PS#1681 is among the scarcer surviving issues from this region and period.