50 Centavos

Issuer	Caja de Conversión, Argentina
Year	1922-1926
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Value	50 Centavos (0.50 ARM)
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Obverse description	Blue intaglio print on white paper. A seated allegorical figure of Liberty (Progreso) occupies the left portion of the face, holding a torch aloft in her right hand and resting her left arm on a shield bearing the Argentine coat of arms. The denomination '50 centavos' is printed in large script at centre-right, with the serial number and series letter in red below, and two manuscript signatures of the Secretario and Presidente of the Caja de Conversión at the foot.
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Reverse description	Blue intaglio and letterpress print on white paper. The centre is occupied by a large blank rectangular panel framed by fine guilloche scrollwork, with 'REPUBLICA ARGENTINA' and '50 CENTAVOS' in bold lettering above and the Argentine coat of arms vignette to the right of the title. The right portion of the reverse features an elaborate decorative cartouche with a cornucopia motif, and the numeral '50' appears vertically in large outline letters at both left and right margins. A dense microtext underprint reading 'ARGENTINA' in repeating pattern fills the background of the central panel.
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Protection type	Watermark
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