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4000 Reales de Vellón Banco de España

Issuer Banco de España
Year 1862
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Shape Rectangular
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Obverse description Printed in black on a blue and light brown underprint; black serial number appears in the upper portion. A central oval vignette at the top presents an allegorical female figure wearing a helmet, reclining against the Royal coat of arms of Spain, holding a spear with a lion at her feet. The remainder of the face is filled with intricate geometric guilloche patterns and typography.
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Reverse description Note: The example recorded in the image is a contemporary counterfeit of the period, not an original issued note.
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Comments

The Banco de España's 1862 emission belongs to a period when the institution was consolidating its monopoly over Spanish note issue following the Bank Law of 1856. The 4000 Reales denomination — nominally equivalent to 40 Duros — was a high-value instrument, effectively outside everyday commercial use and aimed at merchant and treasury settlement.

Reales de vellón as a unit were already anachronistic by 1862; Spain would formally adopt the Peseta system in 1868. Notes denominated in a currency soon to be abolished were subject to mandatory conversion, and surviving examples from this series are scarce partly because redemption was thorough.

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