5 Pesos

The Banco y Casa de Moneda operated under the provincial government of Buenos Aires during its period of political separation from the Argentine Confederation — a split that lasted from 1852 to 1861 following Urquiza's defeat of Rosas at Caseros. Buenos Aires refused to ratify the 1853 constitution and effectively ran its own monetary system during these years, issuing notes backed by the province's considerably stronger commercial economy rather than the federal arrangement it rejected.

Locally printed in an era when most Latin American issuers depended on European contractors, the production quality reflects the limitations of mid-century Buenos Aires printing infrastructure. Paper deterioration is a known issue across the PS416 series.