1 Peseta Canóvanas

Puerto Rico has no monetary authority and issues no official coinage — this piece originates from the Canóvanas municipality's local medal or token program, one of several such initiatives producing silver commemoratives tied to specific Puerto Rican towns in the 2000s. The peseta denomination is an explicit nod to the pre-1898 Spanish colonial currency, the peso fuerte system under which one peso equaled eight reales and the peseta represented a quarter-real fraction — a monetary memory with no legal tender standing whatsoever on the island today.