Part of Spain's military series issued in 1998, this coin predates euro circulation by four years — Spain wouldn't introduce the common currency until January 2002. The "1 Euro" denomination here is therefore nominal, a collector fiction anchored to the projected conversion rate of 166.386 pesetas per euro fixed by the European Council in May 1998.
Part of Spain's military series issued in 1998, this coin predates euro circulation by four years — Spain wouldn't introduce the common currency until January 2002. The "1 Euro" denomination here is therefore nominal, a collector fiction anchored to the projected conversion rate of 166.386 pesetas per euro fixed by the European Council in May 1998.