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25 Pesetas

Issuer Banco de España
Year 1926
Type Standard circulation banknote
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Obverse lettering 25 EL BANCO DE ESPAÑA PAGARÁ AL PORTADOR VEINTICINCO PESETAS MADRID 12 DE OCTUBRE DE 1926. S. FR. XAVIER EL GOBERNADOR. EL INTERVENTOR. EL CAJERO BRADBURY WILKINSON & CO. LD. GRABADORES, LONDRES
(Translation: The Bank of Spain will pay the bearer Twenty-five Pesetas Madrid, October 12, 1926. The Governor. The Comptroller. The Cashier)
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Variants P#71a - issued note
P#71b - with round embossed Republic validation seal at upper left (1931)
Comments

Bradbury Wilkinson printed this note during the dictatorship of Primo de Rivera, a period when Spain's currency arrangements were quietly being reorganized ahead of what would become increasingly turbulent monetary conditions in the late 1920s and 1930s. The London connection is worth noting: Spanish banknote production had relied on British security printers for decades, a dependency that would become politically awkward once the Republic fell and international relationships fractured.

Pick 71 is among the smaller-denomination issues of the series and circulated actively, which accounts for why fine or better survivors are genuinely scarce relative to their higher-value counterparts.

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