In 1881, Law No. 1130 was sanctioned – for the unification of national currency – which determined the convertibility of the national currency into gold, and the issuance of a currency that was called “Argentino” gold. This currency was equivalent to $m/n 5 (five pesos national currency), almost equal to the English Sovereign (99.12%). In 1885, convertibility was suspended, to be resumed in 1899, with Law No. 3871, which established a parity of $1 gold equal to $m/n 2.2727.

From 1899 to 1929, the national peso currency remained in almost the same relationship with the U.S. dollar ($m/n 2.35 was equivalent to 1 U.S. dollar), with some fluctuations from 1914 (where, although convertibility was suspended, the “rules of the game” of the gold standard were maintained) and until 1927, where it was legally reestablished, to be abandoned in 1929.

5 Pesos

Obverse motif

The design of the same presents in the center of the obverse the National Coat of Arms surrounded by the flags of the 14 Provinces existing at the time of its issue, surrounded by the legend “REPUBLICA ARGENTINA” and the year of issue.

Motif on the back

It reproduces the Freedom of Oudiné surrounded by the inscription “FREEDOM * 5 PESOS * AN ARGENTINE * 9 Two FINO”.