25 Pesetas

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.