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40 Centavos Fuertes
| Issuer | Banco Nacional |
|---|---|
| Year | 1873 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Reference(s) | P#S646 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BUENOS AYRES, AGOSTO 1.º DE 1873 40 EL BANCO NACIONAL Pagará al portador y á la vista CUARENTA CENTAVOS FUERTES en las monedas determinadas por la Ley Nacional SERIE |
| Reverse description | Log in to see details |
| Reverse lettering | CUARENTA CENTAVOS FUERTES 40 American Bank Note Co. New York |
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| Comments |
The Banco Nacional was one of several private banks operating in Argentina under the 1872 banking law, each with the right to issue their own notes — a situation that created a fragmented, often chaotic currency supply before the Banco Nacional de la República Argentina consolidated the system in 1891. The 40 centavos denomination is an odd one, practically speaking: small-value fractional notes of this type typically emerged where coin shortages made change difficult, and Argentina's chronic shortage of specie in the early 1870s made them a commercial necessity rather than a curiosity.
The American Bank Note Company printed the full Banco Nacional series from its New York facilities. PS#646 sits in one of the thinner survival categories for the issue — fractional notes were used hard and discarded.