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50 Escudos replica

Issuer Banco de España
Year 1873
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Shape Rectangular
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Obverse lettering EL BANCO DE ESPAÑA
PAGARÁ al portador
CINCUENTA escudos en efectivo
EL GOBERNADOR
EL INTERVENTOR
EL CAJERO
MADRID 1º DE MAYO DE 1873.
Real Casa de la Moneda
Fabrica Nacional
de Moneda y Timbre
(Translation: THE BANK OF SPAIN
WILL PAY the bearer
FIFTY escudos in cash
MADRID MAY 1, 1873.
THE GOVERNOR
THE AUDITOR
THE CASHIER
Real Casa de la Moneda
Fabrica Nacional
de Moneda y Timbre)
Reverse description Plain yellow guilloche underprint with two circular denomination medallions bearing the numeral "50" at left and right, a central blank rectangular panel, and the issuer title "BANCO de ESPAÑA" above and "CINCUENTA" below. A vertical printer's stub at right carries the Fábrica Nacional de Moneda y Timbre imprint.
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Comments

The Banco de España issued escudo-denominated paper in the early 1870s during a period of profound monetary instability on the peninsula — the peseta system was codified by the Decree of 19 October 1868, which legally replaced the escudo at a rate of 2.5 pesetas per escudo, meaning any escudo-denominated note issued in 1873 was already circulating in a currency that had nominally ceased to exist. Whether this reflects a transitional printing, a delayed issue, or administrative inertia at the Fábrica Nacional is worth establishing before attributing significance to the date.

This is catalogued as a replica. Treat the physical object accordingly.

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