1 Peseta - Juan Carlos I silver

This piece was struck as part of Spain's farewell series to the peseta ahead of euro adoption in January 2002. The coin never circulated — it was produced solely for collectors making a sentimental gesture out of what was otherwise a straightforward currency transition mandated by Spain's eurozone commitments.

KM#832 is the silver collector restrike of a denomination that had, in its circulating form, been an aluminum coin worth almost nothing by the end. The irony of memorializing it in sterling is not lost on specialists.