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50 Centavos

Issuer Banco Nacional
Year 1884
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Currency Peso moneda nacional (1881-1969)
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Reverse description Printed in red-brown. A central intaglio vignette portrays three girls engaged in study, framed by elaborate guilloche ornaments and lathe-work rosettes at left and right. The denomination numeral 50 appears on both sides of the central vignette, with the country name arched above and below in bold lettering.
Reverse lettering REPÚBLICA 50 ARGENTINA AMERICAN BANK NOTE COMPANY NEW YORK.
(Translation: Republic of Argentina)
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Comments

The Banco Nacional was Argentina's primary state-linked commercial bank during the 1880s, not a true central bank — a distinction that mattered enormously when it collapsed in 1891 amid the broader Baring Crisis, triggering one of the worst financial panics in Argentine history. Notes from this 1884 series were caught in that collapse, and the chaotic redemption and repudiation process that followed means surviving examples in any grade are genuinely hard to locate.

ABNC printed extensively for South American clients in this period, and the quality of the intaglio work on this series reflects the company's peak New York output before the 1879 merger had fully settled.

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