10 000 Pesetas Milled minting

This piece belongs to a series of large-format silver issues produced by the Real Casa de la Moneda in the final years before Spain adopted the euro in January 2002, effectively ending the peseta after more than 150 years as the national currency. The 10,000-peseta denomination was never intended for circulation — at face value alone it represented serious purchasing power in a country where everyday transactions ran in hundreds.

The milled edge finish on issues of this diameter required careful die pressure management; at 73mm, any eccentric strike would show immediately on the broad flat fields.