Catalog
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| Issuer | Banco de España |
|---|---|
| Year | 1936 |
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| Shape | Rectangular |
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|---|---|
| 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) |
| Reverse description | Central circular vignette presents a profile bust of Mercury wearing a winged helmet, executed in intaglio, surrounded by the issuer legend in an annular band. Ornate guilloche cornerpieces bear the numeral '25' in each corner, with a multicolour lathe-work underprint in ochre and blue filling the field. A watermark ghost of '25 PESETAS' appears in the left margin. |
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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.