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100 Pesos First Spanish Railroad, Piedfort

Issuer Banco Nacional de Cuba
Year 1989
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Shape Round
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Obverse description The Cuban national coat of arms occupies the central field, rendered in fine detail and surmounted by a curved legend bearing the country name. The face value is inscribed in the lower portion of the field. The legend reads REPUBLICA DE CUBA along the upper periphery, with BANCO NACIONAL DE CUBA and the denomination 100 PESOS completing the inscriptions around the device.
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Reverse script Latin
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Additional information

Cuba issued this piedfort in 1989 to commemorate the first railway constructed in Spanish colonial territory — a line connecting Havana to Bejucal, inaugurated in November 1837, predating any railroad on the Iberian Peninsula itself by nearly a year. The irony that a colony beat the metropole to rail technology was not lost on contemporaries, and the line was built primarily to haul sugar, not passengers.

Piedfort production from the Banco Nacional during the late 1980s was extremely limited, aimed squarely at the international collector market as Cuba sought hard currency during deepening economic strain.

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