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10 000 Pesetas

Issuer Banco de España
Year 1985
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Printer Fábrica Nacional de Moneda y Timbre, Spain
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Obverse description Intaglio-printed portrait of King Juan Carlos I in three-quarter view occupies the right portion of the note, set against a fine guilloche underprint in soft violet and green tones. The Coat of Arms of Spain appears in the upper right corner, while the issuer title "BANCO DE ESPAÑA" is printed in bold letterpress across the upper centre. Three facsimile signatures of the Governor, Auditor, and Cashier appear at centre-left, above the denomination "DIEZ MIL pesetas" and the date "MADRID 24 DE SETIEMBRE DE 1985" along the lower margin.
Obverse lettering 10000 / 10000 BANCO DE ESPAÑA DIEZ MIL pesetas MADRID 24 DE SETIEMBRE DE 1985 EL GOBERNADOR / EL INTERVENTOR / EL CAJERO (Signatures of Mariano Rubio Jiménez, Esteban Róspide Echeto and Jesús Urdiola Salvador)
(Translation: Bank of Spain Ten Thousand Pesetas Madrid September 24, 1985 The Governor / The Auditor / The Cashier (Signatures of Mariano Rubio Jiménez, Esteban Róspide Echeto and Jesús Urdiola Salvador))
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Comments

The 10,000 peseta denomination was the highest value circulating note Spain had issued up to that point, introduced partly in response to years of inflation that had eroded the purchasing power of lower denominations. Mariano Rubio Jiménez, whose signature appears here as Governor, would later become one of the more controversial figures in Spanish banking history — he was convicted in 1994 for tax fraud and concealing assets, a significant scandal for the institution.

Pick 161 is notably scarce in genuinely circulated grades; the high face value meant most examples passed through few hands before being deposited or exchanged.

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