10 000 Pesetas replica

Pick 165 is the genuine 1992 10,000 Pesetas note — this example is cataloged as a replica. The FNMT produced authorized facsimiles of several high-denomination peseta notes around the time of the Barcelona Olympics and Seville Expo, both held in 1992, primarily as collector and commemorative items rather than circulating currency.

Replicas of this type are typically overprinted or marked to distinguish them from genuine issues, though the printing quality mirrors the original production run. Worth noting for attribution purposes: the genuine P#165 was the highest circulating denomination issued under the pre-euro Banco de España series.