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| 正面描述 | The obverse is printed in black on salmon-pink paper. At the top, the issuer's name 'El Banco y Casa de Moneda de Buenos Ayres' is set in letterpress across the full width, flanked on the left by a vignette of the Argentine coat of arms with flags and on the right by a small oval vignette of a horse's head. The large denomination numeral '50' appears in a sunburst medallion at the lower left, with the denomination text 'CINCUENTA PESOS Moneda Corriente' in bold letterpress across the centre, and a scroll cartouche bearing the director's signature at the lower right. |
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| 正面铭文 | 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 |
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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.