Puerto Rico has never had autonomous coinage authority — this is a modern commemorative or fantasy piece, not an official circulating issue, and the "Fajardo" designation likely references the eastern coastal municipality rather than any historical monetary institution. The peseta denomination itself was used in Puerto Rico during the Spanish colonial period, formally replaced following the American takeover in 1898 when U.S. currency was imposed at an exchange rate that wiped out a significant portion of the island's local monetary holdings.
Puerto Rico has never had autonomous coinage authority — this is a modern commemorative or fantasy piece, not an official circulating issue, and the "Fajardo" designation likely references the eastern coastal municipality rather than any historical monetary institution. The peseta denomination itself was used in Puerto Rico during the Spanish colonial period, formally replaced following the American takeover in 1898 when U.S. currency was imposed at an exchange rate that wiped out a significant portion of the island's local monetary holdings.