ARGENTINA. Banco Munoz y Rodriguez. 7 Pesos Fuertes, 1883. P-S1760p. Proof. PMG Choice Uncirculated 64.(TUC-37p) The company ordered this odd denomination note based on the exchange rate at the time of 7 pesos argentinos equal to one silver peso boliviano. To gain public acceptance, it could also be exchanged for national currency under the applicable law (ley). This coincided with the currency reform of 1883 when the Banco Nacional issued pesos backed by gold (moneda nacional de oro). However, by the time the proof note was sent to the company, the ability to redeem the Banco Nacional pesos for gold was eliminated and the exchange rate had changed. A color trial in blue was also prepared, which is in a bank collection. This is the only 7 Pesos note ever prepared in Argentina. Only the front of the note was prepared. It was printed locally by G. Kraft. Pinholes mentioned on the holder.PMG Choice Uncirculated 64.From the Robert J. Bauman Collection.
