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50 Escudos
| Issuer | Banco de España |
|---|---|
| Year | 1866 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Escudo (1864-1873) |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 50 CINCUENTA EL BANCO DE ESPAÑA pagará al portador CINCUENTA escudos en efectivo MADRID, 1º de Enero de 1866 EL GOBERNADOR POR LA INTERVENCIÓN POR LA CAJA (Translation: Fifty The Bank of Spain will pay the bearer Fifty Escudos in cash Madrid, January 1, 1866 The Governor For the Intervention For the Cash) |
| Reverse description | Printed in reddish-brown and green; the central field is occupied by an elaborate guilloche rosette surrounded by repeated denomination numerals "50" and the text "CINCUENTA" woven into the lathe-work pattern. A green ornamental border with repetitive scroll and star motifs frames the entire reverse, with the numeral "20" appearing in the corner cartouches; a cancelled example bears a rectangular perfin cancellation across the central vignette. |
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| Comments |
The Banco de España's escudo-denominated notes occupy a narrow window in Spanish monetary history — the escudo replaced the real in 1864 and was itself replaced by the peseta in 1868, giving this series barely four years of legal relevance. This note falls squarely in the middle of that brief span.
Spain's 1866 financial crisis, triggered partly by a collapse in railway investment and tightening credit across Europe, severely strained the bank's reserves during exactly this period. Notes of this type circulated under genuine stress.