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50 Pesos

Issuer Banco y Casa de Moneda de Buenos Ayres
Year 1864
Type Local banknote
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Obverse lettering EL BANCO Y CASA DE MONEDA DE BUENOS AYRES
RECONOCEN ESTE BILLETE POR
CINCUENTA PESOS Moneda Corriente
50
1ro de Enero de 1864
POR EL DIRECTORIO
Reverse description The reverse is printed on the same salmon-pink paper and shows a large rectangular guilloche border with an intricate lathe-work underprint filling the entire field. The show-through of the obverse numerals and lettering is visible through the thin paper, consistent with the printing method of the period. No distinct reverse vignette or additional inscription is present beyond the decorative border framework.
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Comments

The Banco y Casa de Moneda de Buenos Ayres occupied an unusual institutional position — it was simultaneously a bank of issue and a mint, a dual function that reflects the monetary awkwardness of Buenos Aires province in the years following its reintegration into the Argentine Confederation. By 1864 the province was operating under significant fiscal strain, and paper emissions from this period were effectively inconvertible in practice despite nominal convertibility on paper.

PS#445 is a scarce survivor. Notes from this issuer were subject to repeated redemption and reissue cycles, and attrition was high.

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