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5 Pesos

Issuer Banco Provincial de Entre-Ríos
Year 1885
Type Local banknote
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Obverse description The obverse is printed in black on white paper with a red underprint bearing the denomination numeral and the word 'SPECIMEN' in red twice across the lower portion. At left, a seated allegorical female figure is surrounded by a shield and maritime vignette with ships; at right, an intaglio portrait of a bearded gentleman in formal attire within an oval frame. The central text reads 'BANCO PROVINCIAL DE ENTRE-RÍOS' at the top, with 'Cinco Pesos' and the numeral '5' in the centre, below the promise-to-pay legend 'Pagará al portador á la vista'. The issue place and date 'Paraná, 1° de Mayo de 1885' appear in the upper right, with series and serial number fields.
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Variants PS769 - Specimen, Series B, 1885
Comments

Banco Provincial de Entre-Ríos occupied an unusual position among Argentine provincial banks — it operated under direct provincial government control at a time when most of its peers were nominally private institutions with government backing. The 1880s were particularly turbulent for Argentine provincial paper money, as the national government was actively pushing to centralize monetary authority following the federalization of Buenos Aires in 1880. Notes like this one were issued into that friction.

The American Bank Note Company's New York plant printed for dozens of Latin American clients simultaneously during this period, which is why the engraving quality often exceeds what the issuing institution's actual financial standing would suggest. Entre-Ríos province defaulted on various obligations before the decade was out.

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