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75 Centavos Fuertes
| Issuer | Banco de San Juan |
|---|---|
| Year | 1878 |
| Type | Local banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Banco de San Juan pagará a la vista y al portador SERIE A SETENTA Y CINCO CENTAVOS FUERTES en las monedas determinadas por la ley Nacional SAN JUAN 75 |
| Reverse description | The reverse is printed in blue and displays a large central guilloche medallion bearing the numeral '75' in bold relief, surrounded by an intricate lathe-work border. The legend 'EL BANCO DE SAN JUAN' arcs across the upper portion of the medallion, while 'CENTAVOS' and 'FUERTES' appear in bold type to the left and right respectively. The corners carry repeated '75' counters, and the overall design is composed entirely of fine geometric engine-turned patterns. |
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| Comments |
The Banco de San Juan was one of several provincial banks operating under Argentina's pre-1890 free banking arrangements, issuing their own notes backed — nominally — by provincial bonds and gold reserves. The 75 centavos denomination is an odd fractional that points directly to practical necessity: coin shortages in the interior provinces were chronic, and small-denomination paper plugged the gap left by the absence of hard currency in daily transactions.
San Juan's remoteness from Buenos Aires made external oversight effectively symbolic. Provincial bank notes often circulated well beyond their nominal backing, and the Banco de San Juan collapsed along with most of its contemporaries in the financial turbulence that preceded the Baring Crisis of 1890.