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1 Peseta - Alfonso XIII 4th portrait
| Issuer | Royal Mint of Spain (Real Casa de la Moneda) |
|---|---|
| Year | 1903-1905 |
| Type | Standard circulation coin |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse script | Latin |
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| Mintage | 1903 SMV - *1903,Cal#49 - 10,602,000 1904 SMV - *1904,Cal#50 - 5,294,000 1905 SMV - *1905,Cal#51 - 492,000 1905 SMV - *1912,Cal#52 - |
| Additional information |
By 1903, Spain's silver peseta coinage was operating under the Latin Monetary Union framework, but the country's chronic fiscal instability meant actual silver circulation was increasingly unreliable. Alfonso XIII had assumed personal rule that same year upon turning sixteen, and the new portrait issue marked his transition from regent-period coinage. The short production window — just two years of substantive striking — limits surviving examples, particularly in uncirculated condition.
Cal#49 distinguishes this from the earlier portrait types in Calicó's reference, each tied to a different obverse die commissioned as the young king aged.