5 Pesos

The South American Bank Note Company operated out of Buenos Aires as a subsidiary printing operation during the 1890s, making this one of the relatively few Argentine issues of the period produced entirely domestically rather than contracted to a European house like Bradbury Wilkinson or De La Rue. The Banco de la Nación Argentina itself had only been founded in 1891, emerging from the wreckage of the Baring Crisis — the sovereign debt collapse that had effectively bankrupted the country the previous year and wiped out its predecessor institution, the Banco Nacional.

Three distinct signature combinations are documented for P#220, suggesting continuous issue across the full date range with at least two changes in senior bank officialdom during that window.