5 Pesos Bolivianos

Banco del Comercio was one of several provincial Argentine banks chartered in the 1860s under Entre Ríos provincial authority — Gualeguay being a river port town whose commercial economy ran on cattle, hides, and yerba mate trade. The denomination in Pesos Bolivianos rather than Pesos Fuertes reflects the monetary fragmentation of the period, when Bolivian coinage still circulated heavily in the interior provinces and banks denominated paper accordingly.

The American Bank Note Company printed for dozens of Latin American provincial issuers during this decade, largely because no comparable security printing infrastructure existed locally. The PS prefix in the Pick reference indicates this note never achieved full national recognition — a provincial obligation, not a federal one.