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5 Pesos Overprint on 500 Pesos
| Issuer | Banco Central de la República Argentina |
|---|---|
| Year | 1969-1971 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Peso ley (1970-1983) |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | REPUBLICA ARGENTINA CASA GRAND BOURG QUINIENTOS PESOS 500 (Translation: Argentine Republic Grand Bourg House Five Hundred Pesos 500) |
| Signature(s) | Log in to see details |
| Protection type | Log in to see details |
| Protection description | Portrait watermark of General José de San Martín, partially obscured on the obverse by the black letterpress denomination overprint. |
| Variants | Log in to see details |
| Comments |
Argentina's chronic inflation by the late 1960s had rendered high-denomination notes effectively worthless for everyday transactions, prompting the Banco Central to authorize a temporary fix rather than commission an entirely new print run. The existing stock of 500 Pesos notes was overprinted at the Casa de Moneda with the new face value of 5 Pesos — a ratio reflecting a 100:1 monetary restructuring under the peso moneda nacional to peso ley 18.188 conversion, which took effect in January 1970.
The overprint solution was a stopgap while replacement notes entered production. Finding an example where the overprint registers cleanly is not trivial; misaligned applications were common in this run.