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100 Escudos

Issuer Banco de España
Year 1868
Type Standard circulation banknote
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Obverse lettering 100 CIEN ESCUDOS EL BANCO DE ESPAÑA pagará al portador CIEN escudos en efectivo MADRID, 31 de Octubre de 1868. EL GOBERNADOR POR LA INTERVENCIÓN POR LA CAJA
(Translation: One Hundred Escudos The Bank of Spain will pay the bearer One Hundred Escudos in cash Madrid, October 31, 1868. The Governor For the Intervention For the Cash)
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Reverse lettering 100 ESCUDOS
100 ESCUDOS
100 ESCUDOS
100 ESCUDOS
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Comments

The Banco de España's 1868 issue predates the Peseta system by just one year — the escudo had been Spain's decimal unit since 1864, replacing the old real-based system, and this note belongs to the brief window when that reform was still in effect. The transition was short-lived: the Peseta was introduced in 1869 as part of the Latin Monetary Union framework, rendering escudo-denominated notes obsolete almost immediately.

The 1868 revolution — the Gloriosa — deposed Isabella II in September of that year, adding political turbulence to monetary. Notes issued across 1868 may predate or postdate the coup depending on exact issue date, a detail worth establishing if provenance matters.

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