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500 Pesos

Issuer Junta de la Administración de la Casa de Moneda, Buenos Ayres
Year 1851
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Obverse description Red intaglio print on white paper with an elaborate guilloche border along all four edges, incorporating circular rosette ornaments at each corner. A central vignette in the upper portion shows a classical allegorical figure standing beside a shield and arms, flanked by the political inscriptions of the Confederation period. The denomination 500 appears in large numerals at left and right centre, with the issuer's name in letterpress within a rectangular panel and the word QUINIENTOS in vertical orientation along both lateral borders.
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Reverse description Plain paper reverse in a pale ochre-brown tone, largely unprinted, with faint offset impressions from the obverse visible through the paper. Two manuscript endorsements or counter-signatures appear in ink at the lower portion, consistent with the authentication practice of the period. The overall surface shows the characteristic texture of mid-nineteenth-century Argentine issue paper with no printed design elements.
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Comments

The Junta de la Administración de la Casa de Moneda was Buenos Aires's provincial monetary authority — not a national central bank — operating under the Confederation period's fragmented financial arrangements. This 500 Pesos note was issued at a time when Buenos Aires had separated itself from the Argentine Confederation following the 1850–51 political rupture, maintaining its own customs revenues and monetary emissions independent of Urquiza's interior provinces.

The PS prefix in the Pick catalogue denotes a privately-issued or state-chartered institution outside the national banking framework — appropriate classification here, since Buenos Aires provincial emissions of this period have no federal standing whatsoever.

High-denomination notes from this issuer in 1851 are genuinely uncommon; most surviving examples show heavy use consistent with commercial circulation in the port trade.

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