Catalog
1 Peseta
| Issuer | Banco de España |
|---|---|
| Year | 1945 |
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| Engraver(s) | José Luis López Sánchez-Toda |
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| Obverse description | Brown intaglio print over a multicolour guilloche underprint, with red serial numbers. Central vignette presents a half-length portrait of Queen Isabella I of Castile facing right. The border incorporates the coats of arms of the various Kingdoms of Spain, with geometric lathe-work filling the background. |
|---|---|
| Obverse lettering | 1 BANCO DE ESPAÑA UNA PESETA DE CURSO LEGAL MADRID 15 DE JUNIO DE 1945 EL GOBERNADOR. EL INTERVENTOR. EL CAJERO FCA NAL DE MONEDA Y TIMBRE (Translation: Bank of Spain One Peseta legal tender Madrid, June 15, 1945 The Governor. The Comptroller. The Cashier) |
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| Comments |
Spain's 1 Peseta notes of this period were a direct consequence of the postwar peseta shortage — Franco's economic isolation following World War II made small-denomination notes a practical necessity well into the late 1940s, filling the gap left by coin shortages that the regime struggled to address. The FNMT had been printing peseta notes domestically since the Civil War years, and by 1945 the operation was well established, if chronically under-resourced.
López Sánchez-Toda was one of the FNMT's most accomplished engravers of the mid-century period. The 1 Peseta denomination was among the smallest formats his workshop handled — technically demanding precisely because fine intaglio detail is harder to sustain at reduced scale.