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| 表面の説明 | Green-tinted note with a circular vignette at upper left enclosing a rearing horse group, flanked by the Argentine national arms at upper centre and a pastoral scene with horses and figures at upper right. The large bold denomination numeral '50' appears in each corner within ornate lathe-work frames. The issuer's name 'EL BANCO NACIONAL' is printed in large display lettering across the centre, with the place and date 'Buenos Ayres, Agosto 12, 1873' in script above. A red serial number is overprinted across the centre of the note, and the series letter 'A' appears at lower centre. |
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| 表面の銘文 | EL BANCO NACIONAL Buenos Ayres, Agosto 12, 1873 Pagará al portador y á la vista CINCUENTA CENTAVOS FUERTES en las monedas determinadas por la Ley Nacional Serie A El American Bank Note Co. New York |
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The Banco Nacional of Argentina issued this fractional note during a period when hard coin was being hoarded and small change had essentially vanished from street commerce. Fractional paper was a practical stopgap, but public trust in it was fragile — particularly at the provincial level, where bank failures had already burned ordinary depositors more than once.
The American Bank Note Company's work for South American issuers during the 1870s was extensive, and their New York plant was producing notes for multiple competing Argentine institutions simultaneously. PS#647 sits in a series that saw limited redemption activity after the bank's subsequent reorganization.