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500 Pesos

Issuer Banco Nacional
Year 1883
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Value 500 Pesos
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Obverse description The obverse is framed by an intricate guilloche border with corner medallions bearing the denomination 500. At upper centre, the heading REPUBLICA ARGENTINA / BUENOS AIRES, ENERO 1° DE 1883 appears above the bold bank title EL BANCO NACIONAL. To the left, a classical allegorical vignette shows a seated female figure at an easel, personifying the Arts, while to the right an intaglio portrait of a uniformed military officer — generally identified as General Manuel Belgrano — occupies the upper right field. A central oval underprint carries the text PAGARÁ AL PORTADOR Y Á LA VISTA / QUINIENTOS PESOS / MONEDA NACIONAL ORO, SEGUN LEY DE 5 DE NOVIEMBRE DE 1881, with signature lines for Inspector de Gobierno and Directorio below.
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Reverse description The reverse is enclosed by a dense guilloche border with repeating 500 numerals on all sides. Two large lathe-work rosette medallions bearing bold 500 numerals flank a central intaglio vignette of a historical scene, generally interpreted as a colonial encounter between a European figure and indigenous people on a shoreline. The bank title EL BANCO NACIONAL runs across the top, and BUENOS AIRES appears in the lower centre panel against a pink underprint ground.
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Comments

El Banco Nacional was one of several Colombian private banks of issue operating under the 1871 banking law, which permitted chartered banks to circulate their own notes. The high denomination — 500 Pesos — suggests this was principally a commercial instrument, used for large mercantile settlements rather than daily retail trade. Notes of this value rarely left banking hands.

ABNC's Colombian work in this period drew on a shared pool of vignette dies, meaning plate elements on this note may reappear on contemporaneous issues for entirely different Latin American banks. Worth checking against other PS-series ABNC Colombian printings of the early 1880s.

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