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5 Pesos

Issuer Provincia de Buenos Aires - Ministerio de Hacienda / Aduana
Year 1820
Type Local banknote
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Obverse lettering No. cuatrocientos veintycuatro / Agosto / PAPEL VILLETE / O AMORTIZABLE / VALE POR CINCO PESOS / Admisibles en Aduana en introducciones maritimas y terrestres.
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Protection type Official seal, Manuscript signatures
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Comments

One of the earliest quasi-fiscal instruments issued on the Río de la Plata, this note predates the Banco de la Provincia de Buenos Aires by nearly a decade. The Ministerio de Hacienda's customs office resorted to paper obligations in 1820 partly because Buenos Aires was in fiscal freefall — that year alone saw three different governors and the near-collapse of the Directorate of the United Provinces. Hard currency had largely fled the port economy.

Manuscript signatures and a hand-applied seal were the only authentication devices, which made forgery a genuine operational concern. The PS# prefix in the Pick classification flags it as a privately or semi-officially issued obligation rather than a central bank note — an important distinction for cataloging purposes.