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5 Pesetas replica

Issuer Banco de España
Year 1940
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Size 110 x 60 mm
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Obverse description Central vignette of the Alcázar de Segovia flanked by guilloche fretwork with geometric motifs. An oval cartouche bearing the Spanish coat of arms appears alongside denomination numerals at the lower corners. Facsimile signatures for El Gobernador, El Interventor, and El Cajero appear at foot, with overprint reading REPRODUCCIÓN AUTORIZADA.
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Reverse description Overall guilloche border with geometric greca motifs frames a central rosette bearing the denomination. Numeral value figures repeat at each corner and in lettered inscriptions along the border. The overprint REPRODUCCIÓN AUTORIZADA confirms the authorized reproduction status of this note.
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Comments

The Banco de España 5 Pesetas series of 1940 was issued during the early Franco regime, when Spain was still economically devastated from the Civil War and largely cut off from international printing suppliers — hence domestic production at the FNMT rather than the prestige European security printers used in earlier decades. This particular note is catalogued as a replica, meaning it was produced for reference, display, or philatelic purposes rather than circulation, and should not be evaluated against surviving genuine examples for condition comparisons.

Pick #123 replicas are reasonably common in dealer stock; attribution to the genuine issue requires verification of paper composition and the FNMT security features specific to the 1940 print run.

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