100 Pesos

Daniel González y Ca. was a private commercial house operating in Argentina that issued notes under its own authority before the country's banking consolidation efforts took hold. The "en Liquidación" designation in the issuer name is telling — this note was produced by, or at least attributed to, a firm already in the process of winding down its affairs, which raises immediate questions about how widely these circulated and whether redemption was ever reliably honored.

Private commercial paper of this type from late 1870s Argentina is genuinely scarce in any condition. Most liquidating firms' notes were simply never redeemed and were discarded.