500 Pesos

The Banco y Casa de Moneda de Buenos Ayres occupied a peculiar institutional position — it was simultaneously a bank of issue and a mint, a combination that reflected the chaotic state of Argentine monetary organization in the mid-nineteenth century. By 1864, the province of Buenos Aires had only recently been reintegrated into the Argentine Confederation following the Battle of Pavón in 1861, and provincial banking structures were still operating with considerable autonomy from any national framework.

The 500 Pesos denomination was not everyday currency. At that value, these notes moved through commercial and government transactions rather than retail trade, which means survivor rates tend to reflect archival storage rather than pocket wear.