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25 Pesetas replica

Issuer Banco de España
Year 1931
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Size 148 x 82 mm
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Reverse description Central vignette reproducing a portion of Vicente López's allegorical painting «Allegory of the Institution of the Order of Carlos III», rendered in multicolour intaglio. Guilloche borders frame the composition on all sides, with the denomination repeated in letterpress at upper and lower centre.
Reverse lettering BANCO de ESPAÑA
VEINTICINCO
PESETAS

Real Casa de la Moneda
Fábrica Nacional
de Moneda y Timbre
(Translation: BANK of SPAIN
TWENTY-FIVE
PESETAS
(On the right)
Real Casa de la Moneda
Fábrica Nacional
de Moneda y Timbre)
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Comments

Pick 81 was issued by the Spanish Republic shortly after its proclamation in April 1931 — the monarchy had collapsed, Alfonso XIII had left the country, and the new government needed a functioning currency infrastructure almost immediately. The FNMT in Madrid had been producing Spanish banknotes for decades and remained the sole domestic printer throughout the transition.

The word "replica" in the catalog name warrants scrutiny. Modern reproductions of this type circulate among collectors and must be checked carefully against known paper weight and the characteristic letterpress impression of FNMT production from this period.

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