50 Pesos

Argentina's Caja de Conversión was established under the 1899 Conversion Law, which fixed the peso paper at 44 centavos gold — ending years of floating exchange and chronic depreciation that had destabilized the economy through the 1890s. The Caja's notes replaced the earlier Banco de la Nación issues under a strict convertibility regime that held until 1914, when the outbreak of war forced suspension.

ABNC printed this series from its New York facilities, as was typical for high-denomination Argentine paper of the period. The 50 Peso denomination would have moved primarily through commercial and banking channels rather than retail trade.