50 Centavos

Banco de Cuyo was a provincial bank operating out of San Juan, Argentina, during the brief window of decentralized private banking before the 1891 financial crisis and subsequent federal consolidation forced most regional institutions to wind down or surrender their note-issuing privileges. This 50 Centavos fractional note belongs to that twilight period — small-denomination paper issued precisely because hard coin was chronically scarce in the interior provinces, far removed from Buenos Aires and the coastal trade networks that kept silver in circulation.

PS catalogue placement confirms private bank status. No federal guarantee backed these notes.