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Stack’s Bowers and Ponterio   |   The January 2019 NYINC Auction – Session A   |   11 January 2019 Sort by Lot-NumberSort by Estimate
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Lot 30019





Estimate: -   |   Starting price: 900 USD Price realized: 1'200 USD
Caja de Conversion: Certificados de Deposito - S/N 100002

The failure of the Bancos Garantidos Nacionales led to a continuing financial crisis. The government authorized this new series in 1890 called Certificados de Deposito, which was based on the actual reserves deposited in the bank. By limiting the issue of these banknotes to match the reserves, the government hoped to restore confidence in the currency and stabilize the economy. The contract to design and print them was given to Talleres del Museo de La Plata. The 1- and 5-pesos notes were the first to be printed. However, it was noticed that the words "Certificados de Deposito" were not printed on the notes. The 1-peso note was immediately recalled and stamped "inutilizado". Only a few of the 1-peso notes were issued. The highest serial number seen by the author was 100005. They are very rare. The 5-peso note was not issued. Until recently, only the front of the 5-peso note was known. However, one example of the back of the note was found in the printer's archives. It is unique.

ARGENTINA. Banco de la Provincia de Buenos Ayres. 1 Peso, 1891. P-S571. PMG Choice Very Fine 35 Net. Previously Mounted, Ink.
(BA-210a) S/N 100005. Just a mention of "Previously Mounted, Ink" in the comments section of this otherwise extremely rare, and choice piece.
PMG Choice Very Fine 35 Net. Previously Mounted, Ink.
From the Robert J. Bauman Collection.

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