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1 Peseta
| Issuer | Banco de España |
|---|---|
| Year | 1940 |
| Type | Log in to see details |
| Value | 1 Peseta (1 ESP) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO DE ESPAÑA HERNÁN CORTÉS UNA PESETA DE CURSO LEGAL Madrid 1º de Junio de 1940 EL GOBERNADOR. EL INTERVENTOR. EL CAJERO GRÁFICAS REUNIDAS, SA · MADRID (Translation: Bank of Spain One Peseta legal tender Madrid, June 1, 1940 The Governor. The Comptroller. The Cashier) |
| Reverse description | Printed in brown with a blue underprint and red serial number, the reverse centres on a guilloche rosette containing the coat of arms of Spain. Geometric guilloche patterns fill the perimeter, framing the central device within a structured border composition. The printer's imprint and issuing bank legends appear in the surrounding margins. |
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| Comments |
Gráficas Reunidas was a Madrid commercial printer with no prior central bank relationship — the Banco de España turned to them for this issue because the Spanish Civil War had left the country's usual printing infrastructure in shambles and the postwar economy demanded small-denomination notes urgently. The peseta coin had effectively disappeared from everyday transactions, hoarded or melted, and paper had to substitute.
The 1940 1 Peseta series is notorious for poor paper quality and ink consistency, a direct consequence of wartime material shortages that persisted well into the early Franco years. Surviving examples frequently show pronounced foxing and toning.