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10 Pesos

Issuer Banco Constructor Hipotecario
Year 1894
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Value 10 Pesos
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Reverse description The reverse is printed entirely in violet-purple and carries a central allegorical vignette of a seated female figure, likely representing Industry or Architecture, surrounded by tools and instruments including a surveying tripod. The denomination numeral 10 appears in large format at left and right within ornate guilloche cartouches, with the word DIEZ repeated in smaller panels at the corners and along the borders. A continuous circular legend around the central vignette reads BANCO CONSTRUCTOR HIPOTECARIO and DIEZ PESOS, all set against a fine engine-turned lathe-work underprint background.
Reverse lettering BANCO CONSTRUCTOR HIPOTECARIO
DIEZ PESOS
DIEZ
10
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Comments

Banco Constructor Hipotecario was a Argentine mortgage bank operating under the wave of private banking expansion that preceded the catastrophic Baring Crisis of 1890. By 1894, most of the private banks that had fueled that speculative boom were already dead or restructured — the fact that Constructor Hipotecario was still issuing paper this late in the decade is itself worth noting.

Waterlow & Sons printed for dozens of Latin American institutions during this period, and the S-prefix Pick reference confirms private bank status rather than a national treasury issue.

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