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2 Pesetas Euzkadi

Issuer Gobierno de Euzkadi (Government of the Basque Country)
Year 1937
Type Emergency coin
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Obverse description Allegorical bust of Liberty facing right, portrayed as a draped female figure wearing a Phrygian cap, the classical symbol of freedom. The effigy is rendered in a neoclassical style, occupying the central field of the obverse. A circular legend surrounds the bust, reading GOBIERNO DE EUZKADI, identifying the issuing authority of the autonomous Basque government. Raised dots and interpuncts separate the legend elements, punctuating the inscription at intervals. The design reflects the Republican iconographic tradition prevalent during the Spanish Civil War era.
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Mintage 1937 - - 2,000,000
Additional information

Issued by the short-lived autonomous Basque government during the Spanish Civil War, this coin was struck in Bilbao in 1937 as the Nationalist forces closed in. The Gobierno de Euzkadi had only months of functional sovereignty remaining — Bilbao fell to Franco's forces in June 1937, effectively ending Basque autonomy and rendering the entire emission obsolete almost immediately after production.

Nickel was an unusual choice given wartime material pressures, and the total mintage was small enough that the issue never saw meaningful circulation. Most examples survived in essentially unspent condition for the simple reason that the political entity backing them collapsed before the coins could disperse.

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