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| 正面描述 | Black and red intaglio print on a light green guilloche underprint, with black serial number. Central vignette presents an allegorical female figure holding a spear and supporting a crowned Coat of Arms, with a recumbent lion at her feet. Two helmeted heads flank the issuing entity's title at left and right. |
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| 正面铭文 | 100 CIEN ESCUDOS EL BANCO DE ESPAÑA pagará al portador CIEN escudos en efectivo MADRID, 1º de Enero de 1866 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, January 1, 1866 The Governor For the Intervention For the Cash) |
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The Banco de España's 1866 Escudo-denomination notes belong to a brief and administratively awkward period in Spanish monetary history. The Escudo replaced the Real at a rate of 10 Reales to 1 Escudo in 1864, only to be swept aside itself in 1868 when the Peseta system was introduced following the Glorious Revolution that toppled Isabella II. This note existed as a denomination for barely four years.
MacLure, MacDonald & Co. was a Glasgow-based lithographic firm, which makes the London printing attribution worth noting — the company had operations and commercial relationships in both cities during this period. The lithographic quality of surviving examples is generally high, though the paper stock has proven prone to toning along fold lines over time.