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1 Peseta replica
| Issuer | Banco de España |
|---|---|
| Year | 1937 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Paper |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | EL BANCO DE ESPAÑA PAGARÁ AL PORTADOR UNA PESETA BURGOS 12 DE OCTUBRE DE 1937 II AÑO TRIUNFAL EL GOBERNADOR EL INTERVENTOR EL CAJERO REPRODUCCIÓN AUTORIZADA (Translation: The Bank of Spain will pay the carrier one peseta. Burgos, 12 October 1937, Second Year of the Triumph. The governor, the auditor, the cashier. Authorized reproduction.) |
| Reverse description | Log in to see details |
| Reverse lettering | BANCO DE ESPAÑA 1 PESETA COEN & C. BANCONOTE. MILANO (ITALIA) REPRODUCCIÓN AUTORIZADA (Translation: Bank of Spain. 1 Peseta. Authorized reproduction.) |
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| Comments |
The Republican government's 1937 small-denomination issues were a direct response to the hoarding crisis that stripped Spain of virtually all its coinage within months of the Civil War's outbreak. Metal disappeared into mattresses and pockets, and the Republic had to paper over the gap with notes that self-consciously mimicked the feel and scale of coins — hence the diminutive format and the word "replica" stamped on the series, a candid admission that these were substitutes, not proper banknotes.
The Fábrica Nacional de Moneda y Timbre, Madrid's own mint and security printing works, remained under Republican control throughout this period and produced the entire run.