In 1861, the country was finally re-unified with the defeat of General Justo José de Urquiza (Confederacion Argentina) by General Bartolomé Mitre (Buenos Aires) at the battle of Pavon. In 1864, the Banco y Casa de Moneda was created as an interim measure. They issued banknotes with a very simple design that was easily counterfeited. When the Banco de la Provincia de Buenos Ayres was created, banknotes with vignettes and a more intricate design were issued to eliminate counterfeiting. They were backed by silver and gold to restore public confidence in the monetary system. However, the reserves were not sufficient for the number of banknotes issued so people rushed to the bank to exchange the banknotes for silver and gold. Essentially all of the banknotes were either redeemed or exchanged for other banknotes in subsequent years. All of the issued notes seen are in museums. One remainder and one specimen has been obtained in the collection. They are the only ones known in private hands.
Estimate: - |
Starting price: 900 USD
ARGENTINA. Banco de la Provincia de Buenos Ayres. 20 Pesos, ND (18xx). P-S467r, BA-105r. Remainder. PCGS About New 50.
(BA-105r) Reprint. This 20 Pesos Fuertes Example shows with great overall detail and color. PCGS Currency comments Minor Edge Damage at right; Mounting Remnants on the reverse.
PCGS About New 50.
From the Robert J. Bauman Collection.