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1 Peseta replica

Issuer Banco de España
Year 1938
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Value 1 Peseta 1 ESP = RON 0.032
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Obverse lettering EL BANCO DE ESPAÑA
PAGARÁ AL PORTADOR
UNA PESETA
BURGOS 30 DE ABRIL DE 1938
II AÑO TRIUNFAL
EL GOBERNADOR
EL INTERVENTOR EL CAJERO
REPRODUCCIÓN AUTORIZADA
(Translation: The Bank of Spain will pay the carrier one peseta. The governor, the auditor, the cashier. Authorized reproduction.)
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Reverse lettering BANCO DE ESPAÑA
1
PESETA
COEN & C. BANCONOTE. MILANO (ITALIA)
REPRODUCCIÓN AUTORIZADA
(Translation: The Bank of Spain. Authorized reproduction.)
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Comments

Spain's Civil War created acute small-denomination shortages on the Republican side, and this 1 Peseta note was part of a broader emergency effort to keep fractional currency in circulation when coinage had effectively vanished — hoarded, melted, or simply not minted. The Fábrica Nacional de Moneda y Timbre in Madrid was operating under wartime conditions by 1938, with the Republican government's territorial control shrinking month by month.

The "replica" designation in modern catalogs reflects reproductions made for collectors after the war; original circulated examples from 1938 are distinguishable by paper aging and cancellation marks applied during demonetization under the Franco regime.

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