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200 Reales de Vellón Banco de España
| Issuer | Banco de España |
|---|---|
| Year | 1862 |
| Type | Standard circulation banknote |
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| Obverse description | Printed in black on a green and red guilloche underprint, the note presents a central arrangement of ornamental typographic and geometric designs. An oval vignette at the top portrays an allegorical female figure in helmet, recumbent against the coat of arms of Spain, with a spear in hand and a lion at her feet. The serial number is set within the surrounding letterpress layout, which bears the full payment obligation text and date of issue. |
|---|---|
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| Reverse description | NOTE: The banknote shown in the picture is a contemporary period counterfeit. |
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| Comments |
The Banco de España's 1862 issues belong to a brief transitional window before Spain's monetary system was overhauled by the coinage law of 1868, which replaced the real de vellón with the peseta. By 1862 the Bank had already absorbed the old Banco de San Fernando and held a near-monopoly on note issue in Madrid, though provincial banks in Barcelona, Bilbao, and elsewhere still competed in their own territories.
Surviving examples from this series are genuinely uncommon. The low survival rate owes more to active redemption campaigns in the 1870s and 1880s than to heavy circulation wear — the Bank systematically retired pre-peseta denominated notes once the new unit was established.