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| 背面描述 | 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. |
| 背面铭文 | 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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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.