Below are the obverse and reverse of two issues of the Argentinian 1 Peso banknote. The earlier issue (top) was issued in 1947 with Liberty holding a torch. The watermarks are 1 Peso in the blank horizontal bar under the legend "Un Peso" and "AR" (for Republica Argentina) in the blank shape behind the arm of Liberty. The second 1 Peso was issued between 1952 and 1955 and shows Justice holding scales with the Palarea Revestido Building on the reverse. The watermark is an indeterminate shape in the white ovoid on the right of the note.