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1 Peso

Issuer Banco Hipotecario / Provincias Ligadas del Norte (Tucumán)
Year 1841
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Composition Paper
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Obverse description Horizontally formatted note with a typeset and letterpress design. At upper centre, a small sun-face vignette with radiating rays flanked by curved decorative banners; to the upper left the denomination "UN PESO." and to the upper right a handwritten serial number. Below, the issuer's name is printed in bold letterpress across two lines, above a body of handwritten manuscript text with an inked date. Two manuscript signatures appear at the lower margin.
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Reverse description The reverse of this note has no surviving image available for description; it is presumed to be plain or minimally printed, consistent with provincial Argentine issues of this period.
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Comments

The Provincias Ligadas del Norte was a short-lived confederation of Argentine interior provinces — Tucumán, Salta, Jujuy, and Catamarca — that briefly attempted political and economic coordination in the early 1840s against the backdrop of Rosas's domination of Buenos Aires. The Banco Hipotecario issued this note as part of that fragile regional project. Mortgage-backed provincial banks of this period in Argentina were almost universally undercapitalized, and most emissions were redeemed, repudiated, or simply abandoned within a few years of issue.

Surviving examples from this emission are genuinely rare. The political instability that produced the note also ensured its early disappearance from circulation.

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