Catalog
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| Issuer | Banco de España |
|---|---|
| Year | 1938 |
| Type | Log in to see details |
| Value | 1 Peseta 1 ESP = RON 0.032 |
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| Obverse description | Log in to see details |
|---|---|
| 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.