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12 Euros - Juan Carlos I Isabel I

Issuer Fábrica Nacional de Moneda y Timbre (FNMT)
Year 2004
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Composition Silver (.925)
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Obverse lettering JUAN CARLOS I Y SOFIA ·ESPAÑA-2004·
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Mintage 2004 M - - 1,496,100
2004 M - BU - 12,420
Additional information

Spain's 12-euro denomination was invented specifically for this commemorative series, launched in 2004 to coincide with EU presidency rotations and royal anniversaries. The face value has no practical circulation use — it exists purely as a collector denomination, priced to sit between the bullion and proof markets without competing with either.

This particular issue marks the 500th anniversary of the death of Isabella I of Castile, whose 1504 death effectively ended the joint reign that had unified the Iberian crowns and financed Columbus's voyages.

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