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1 Peso

Issuer Banco del Chaco
Year 1884
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Currency Peso (1826-1985)
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Obverse description The obverse is printed in black on white paper and carries the bank title 'El Banco del Chaco' in ornate lettering across the upper portion, flanked by large numeral '1' devices in the corners. Three vignettes occupy the centre field: a dog's head to the left, a full-length allegorical female figure wearing a floral wreath at centre, and a bear's head to the right, all within oval frames. The denomination 'UN PESO' and currency designation 'MONEDA NACIONAL ORO' appear twice across the lower field, with place and date of issue 'Villa Ocampo, 1° Octubre de 1884' below, accompanied by a manuscript signature.
Obverse lettering EL BANCO DEL CHACO
UN PESO
MONEDA NACIONAL ORO
Pagará al portador
UN PESO
MONEDA NACIONAL ORO
Villa Ocampo 1° Octubre de 1884
Serie A
y á la vista
N° 17978
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Comments

Banco del Chaco was one of several provincial institutions that briefly held note-issuing authority in Argentina during the early 1880s, before the Ley de Bancos Garantidos of 1887 restructured provincial banking and the Banco de la Nación Argentina ultimately consolidated currency issuance in 1891. Whether Banco del Chaco ever achieved meaningful circulation outside the territory is doubtful — the Chaco region in 1884 was still largely frontier, with a sparse population and an economy built on timber extraction and quebracho bark.

PS prefix in the Pick system signals this is catalogued as a private or semi-official provincial issue. Surviving examples are rare enough that condition history is poorly documented in the literature.

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