Catalog
1 Peseta
| Issuer | Banco de España |
|---|---|
| Year | 1951 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 1 BANCO DE ESPAÑA UNA PESETA DE CURSO LEGAL Madrid 19 de Noviembre de 1951 EL GOBERNADOR. EL INTERVENTOR. EL CAJERO FCA NAL DE MONEDA Y TIMBRE (Translation: Bank of Spain One Peseta legal tender Madrid, November 19, 1951 The Governor. The Comptroller. The Cashier) |
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| Reverse lettering | 1 |
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| Comments |
By 1951, the 1 Peseta note occupied an awkward position in the Spanish monetary system — its face value had been so eroded by postwar inflation that it barely functioned as a spending unit, yet the Banco de España continued producing it. Coins of the same denomination existed simultaneously, which made the note largely redundant in daily use.
Engraved by José Luis López Sánchez-Toda, one of the FNMT's most accomplished intaglio specialists of the mid-century period. The watermark is the sole security feature — modest protection for a denomination that few would have bothered to counterfeit.