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100 Pesos

Issuer Banco y Casa de Moneda de Buenos Ayres
Year 1864
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Currency Peso (1826-1985)
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Obverse description Black letterpress on pink-tinted paper. The upper left corner bears a vignette of the Argentine coat of arms flanked by flags, while two oval vignettes to the right enclose a horse's head and a portrait bust respectively. A central oval vignette in the lower register presents a pastoral scene with cattle. The large denomination numeral '100' appears in a dark guilloche roundel at lower left, with the word 'CIEN' printed in bold across the centre. Date '1° de Enero de 1864' and serial number appear at the top, with two manuscript signatures across the lower portion.
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Reverse description The reverse is printed in dark ink on plain paper with a large central guilloche panel enclosing the numeral '100' in ornate lettering, surrounded by an elaborate lathe-work border. Four circular guilloche rosettes are positioned at the corners of the note. A second, smaller '100' counter appears at the lower right within a decorative frame. The overall design relies entirely on geometric engine-turned patterns without pictorial vignettes.
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Comments

The Banco y Casa de Moneda de Buenos Ayres was a provincial institution — Buenos Aires province operated its own currency system for years after the 1853 confederation, stubbornly resistant to federal monetary unification. This note dates from that friction period, when Buenos Aires province still functioned economically as a near-separate entity from the Argentine Confederation it had only recently rejoined.

PS#446 is a scarce type. The bank's issues from the 1860s suffered badly from the inflationary pressures that plagued provincial paper throughout this decade, and redemption rates were poor.

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