5 Pesos

The Banco Provincial de Salta operated under provincial charter during a period when Argentina's monetary system was genuinely fragmented — provincial banks of issue competed with national instruments, and notes from the interior often traded at a discount in Buenos Aires. Salta's geographic isolation reinforced that discount; notes rarely traveled far from their region of issue, which kept local circulation tight and redemption erratic.

The 1884 date places this note just before the Ley de Bancos Garantidos of 1887, which restructured provincial banking and ultimately led to the liquidation or absorption of many institutions like this one. Survivors from this series are scarce for that reason — not hoarded, simply never returned for redemption once the bank wound down.