Catalog
1 Peseta
| Issuer | Banco de España |
|---|---|
| Year | 1943 |
| 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 |
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| Obverse description | Black intaglio print over a multicolor guilloche underprint; red serial number at upper right. Central vignette presents a half-length portrait of King Ferdinand II of Aragon (Ferdinand V of Castile), known as 'the Catholic', facing right. The ornate border incorporates multiple coats of arms of the historic Kingdoms of Spain, with geometric guilloche patterns forming the background. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Dark intaglio print with red serial number. The central vignette reproduces a fragment of the painting 'First Landing of Christopher Columbus in America' by Dióscoro Teófilo de la Puebla Tolín, set within a geometric guilloche border running along the perimeter of the note. |
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| Comments |
Spain's 1943 1 Peseta note was a product of the postwar autarky period, when Franco's government pursued aggressive economic self-sufficiency and foreign exchange was tightly controlled. The extremely low denomination in paper form persisted because the Civil War and its aftermath had drained coin metal from circulation, forcing the state to cover even the smallest transactions with printed notes.
The Fábrica Nacional de Moneda y Timbre had printed Republican issues during the war before coming fully under Nationalist control — by 1943 it was the sole authorized production facility, handling everything from postage stamps to currency under a single roof.