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50 Pesos

Issuer El Gobierno Nacional, Confederación Argentina
Year 1857
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Currency Peso (1826-1985)
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Obverse description Typeset note with a fine ornamental border composed of repeated geometric and floral units. The upper portion carries the inscription LEY DE 1.° DE OCTUBRE DE 1857 within a decorative band, with CONFEDERACION ARGENTINA in bold letterpress across the centre flanked by the denomination 808. The main text, in Spanish, sets out the obligation of El Gobierno Nacional to pay the bearer fifty pesos with two per cent monthly interest, redeemable at any National Customs house; the date and place of issue, Paraná, 1.° de Octubre de 1857, appear within the body. Three manuscript signature lines at the foot correspond to El Ministro de Hacienda, El Contador General 2.° and El Tesorero, with CINCUENTA PESOS repeated in the left and right vertical margins.
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Reverse description Plain unprinted paper reverse bearing a boxed inset at upper left with the heading CONTRATO de 1.° DE OCTUBRE de 1857, within which EL GOBIERNO NACIONAL is set in bold letterpress followed by a paragraph in Spanish stating the government's right to demand amortisation of the note in cash, with interest, upon fifteen consecutive announcements in the official gazette, holders being required to present the note within sixty days of the first notice. Several manuscript endorsements and an oval blind stamp are visible across the otherwise blank surface.
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Comments

The Confederación Argentina operated in direct political opposition to the Buenos Aires provincial government throughout the 1850s, maintaining its own capital at Paraná in Entre Ríos province after Buenos Aires refused to ratify the 1853 constitution. This note is a product of that separation — issued by a treasury ministry that controlled the interior provinces but was perpetually short of hard currency and dependent on customs revenue from the Rosario route to fund its administration.

Domestic printing at Paraná rather than a European security printer reflects both the Confederation's limited finances and the logistical reality of operating a government hundreds of kilometers from any established press. The quality of locally produced notes from this period is consequently uneven.

The Confederation was dissolved following the Battle of Pavón in 1861.

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