1 Peseta Arroyo

Puerto Rico has no independent monetary authority and issues no official coinage — this piece is a privately produced fantasy strike, not a government-authorized issue. The "Arroyo" designation refers to the medallic series produced by private minters capitalizing on collector interest in Puerto Rican cultural identity, a market that expanded noticeably after the U.S. Mint's Puerto Rico quarter in 2009 drew attention to the island's numismatic possibilities.