50 Bolivianos

Banco Francisco Argandoña was a private commercial bank operating out of La Paz, one of several Bolivian departmental banks that issued their own notes during the country's fragmented banking era before the 1890 Ley de Bancos and subsequent consolidation pressure brought tighter state oversight. The bank was closely tied to the Argandoña family, a prominent La Paz mercantile dynasty. Bradbury Wilkinson's involvement is unsurprising — the London firm was the printer of choice for numerous South American private banks that wanted engraved notes credible enough to circulate alongside foreign coin.

Bolivia's private banking notes from this period were frequently refused outside their issuing department, which kept many notes close to home and, paradoxically, kept survival rates low.