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25 Pesetas replica

Issuer Banco de España
Year 1936
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Size 140 x 65 mm
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Obverse description Dark olive-brown guilloche frame encloses a central vignette with the large numeral '25' in an ornate cartouche at left, set against a fine lathe-work underprint. The denomination and issuer legend are rendered in bold letterpress across the centre, with the issuance date and three facsimile signature lines below. A separate guilloche rosette panel occupies the right margin.
Obverse lettering EL BANCO DE ESPAÑA
PAGARÁ AL PORTADOR
VEINTICINCO
PESETAS
BURGOS, 21 DE NOVIEMBRE, DE 1936
P. EL GOBERNADOR
P. EL INTERVENTOR
P. EL CAJERO
REPRODUCCIÓN AUTORIZADA
(Translation: THE BANK OF SPAIN
WILL PAY THE BEARER
TWENTY-FIVE
PESETAS
BURGOS, NOVEMBER 21, 1936
FOR THE GOVERNOR
FOR THE AUDITOR
FOR THE CASHIER
AUTHORIZED REPRODUCTION)
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Comments

Pick 97 is the 25 Pesetas note of the Republic, issued just as the Civil War was fracturing Spain's monetary system between Nationalist and Republican zones. The FNMT in Madrid continued producing notes for the Republican government, while Franco's Burgos administration scrambled to establish parallel currency arrangements — meaning the same denomination circulated under entirely different political authorities depending on which side of the front you were on.

The word "replica" in the catalog name warrants caution: modern reproductions of this type circulate widely among collectors, and authentication requires careful examination of paper stock and printing register.

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