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The obverse is dominated by an intaglio portrait of Juan Bautista Alberdi at right, set against a guilloche underprint with a dark rosette watermark pattern at far right. The upper portion carries the issuer inscription in two lines, with a central text block identifying these as Letras de Cancelación de Obligaciones Provinciales (LECOP), al portador. The large numeral '50' appears in the lower-center area alongside the denomination legend 'CINCUENTA PESOS VALOR NOMINAL', with the maturity date 'VENCIMIENTO 30 DE SEPTIEMBRE DE 2006' printed in the lower left quadrant, accompanied by two manuscript signatures above official title lines and the Argentine national arms at left. |
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The reverse is printed entirely in green tones on a plain ground and carries the full legal text of Decreto 1004/01, set out in multiple numbered articles governing the LECOP emission program. A large decorative 'LECOP' logotype with guilloche ornament appears at the upper right, while the header 'LETRAS DE CANCELACION DE OBLIGACIONES PROVINCIALES (LECOP) DECRETO 1004/01' runs across the top of the note in bold letterpress. |
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The Banco de la Nación Argentina is a state-owned commercial bank, not the central bank — the Banco Central de la República Argentina handles monetary policy and note authorization, while the Nación issues under its own institutional mandate, a distinction that confuses collectors working from issuer names alone. This 50 Pesos belongs to the post-2002 recovery series, issued after Argentina's catastrophic default and pesification of dollar-denominated deposits, a period that saw the peso reintroduced at 1:1 parity following the abandonment of convertibility.
Casa de Moneda in Buenos Aires printed the entire domestic series throughout this period, one of the few stretches in modern Argentine note history where foreign printing houses played no role.