Argentina. 100 pesetas 1916

This splendid antique document is a historical "Primera de Cambio" (bill of exchange) issued by the Mendoza branch of the [Banco Español del Río de la Plata] in Argentina on July 22, 1916. It is a very important piece of financial and banking history (scripophily) linked to the transatlantic trade and migration routes between Argentina and Spain at the beginning of the 20th century.

# Description and analysis of the document

* The Issuing Institution: The Banco Español del Río de la Plata was one of the largest financial institutions in Latin America, founded in Buenos Aires in 1886 to manage remittances and the capital of the large community of Spanish immigrants.

* The Transaction Content: The security, serial number 520, orders payment "upon sight" of the sum of One Hundred Pesetas (100 pesetas, the old Spanish currency) in favor of Doña Manuela Sanjurjo Valle.

* The Value Received: The payment is made in consideration of value received from "La Viuda e hijos de Alvaro Guira" (the widow and children of Alvaro Guira), indicating a family or commercial transaction related to an inheritance or a protected remittance.

* Foreign Correspondence: On the left margin is stamped in red indicating the bank of support for collection in Spain: the Banco Español del Río de la Plata located at Alcalá 23 in Madrid and at the [La Coruña] branch (Galicia, the region from which the vast majority of migrants to Argentina originated).

* Signatures and Endorsements: The front features the handwritten signatures of the directors and cashiers of the Mendoza branch of the era. The back of the document (second and third photos) shows the endorsement for receipt ("Recibì") by an intermediary or final beneficiary, Mr. Marino Miranda.

1. The company "Viuda e hijos de Alvaro": Represents the typical model of a family business or patrimonial succession at the turn of the century, common in the Argentine provinces rich in vineyards and commerce such as Mendoza.
2. The Kraft, Buenos Aires printing house: The title bears at the top center "Guillermo Kraft, Buenos Aires". This is the signature of one of the most prestigious printing and engraving houses in Argentina, famed for the artistic quality of its watermarks, sepia-toned decorative borders, and emblems that protected credit titles from counterfeiting.

In the vintage paper collecting, scripophily, and postal history market, this document presents itself in excellent preserved condition, with intact paper, unmutilated edges, and sharp, non-faded calligraphic inks.

* Factors that determine the price: The combination of the internal Argentine branch ([Mendoza]), the dual Spanish destination stamps (Madrid/La Coruña), and the presence of Kraft's typographic mark make the item highly appealing to collectors of Hispano-American banking history.

IA Help description

Excellent historical value for Scripophily
They are stored in PVC A4 envelopes.
Good preservation. See the image for a proper impression
Shipped by Registered Mail with tracking included and Protected Packaging.