50 Pesos

Argentina's Banco Central issued this series during a stretch of significant monetary stress — the postwar inflationary surge of the late 1940s meant that 50-peso notes, once a substantial denomination, were being spent with increasing speed. High velocity circulation in urban centers left most examples heavily worn, and uncirculated survivors from the early part of the issue window are genuinely difficult to place.

The series ran across three administrations, including Perón's first presidency, during which the central bank was nationalized in 1946 and brought under direct government control — a structural shift that changed how note issuance was authorized and recorded.