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200 Pesos

Issuer El Gobierno Nacional, Confederación Argentina
Year 1857
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Currency Peso (1826-1985)
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Obverse description Horizontally oriented note issued under the Ley de 1° de Octubre de 1857, with the heading CONFEDERATION ARGENTINA across the top and the denomination 200 repeated in ornamental panels on both lateral margins reading DOSCIENTOS PESOS. The central text body, set in letterpress, records a promise by El Gobierno Nacional to pay the bearer DOSCIENTOS PESOS with monthly interest from the date of issue, payable at any Oficinas Nacionales, dated Paraná, 1° de Octubre de 1857. Three signature lines appear at the foot for El Ministro de Hacienda, El Contador General, and El Tesorero, with handwritten signatures below each title.
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Reverse description The reverse bears a central rectangular text panel headed CONTRATO de 1.° DE OCTUBRE de 1857, within which El Gobierno Nacional reserves the right to demand amortization of the note by paying its face value plus accrued interest in metallic currency, with the redemption terms stipulating a fifteen-day public notice in the official Paraná gazette, after which the holder must present the note within sixty days or forfeit further interest. The panel is framed by a guilloche border, and a circular official stamp is visible at centre. Manuscript endorsements appear across the lower portion of the note.
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Comments

The Confederación Argentina was the rival government to Bartolomé Mitre's Buenos Aires Province during the political split that followed Rosas's fall — Buenos Aires had seceded and ran its own finances independently until reunification in 1860–61. The Ministerio de Hacienda issued these notes to fund a federal government that controlled the interior provinces but was cut off from Buenos Aires customs revenue, the dominant income source of the period. That fiscal pressure is precisely why these notes exist at all.

PS# catalogue placement confirms this as a private or semi-official emission rather than a chartered bank issue. Surviving examples are genuinely uncommon; the Confederación's monetary infrastructure was fragile and short-lived.

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