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50 Pesetas

Issuer Banco de España
Year 1875
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Currency Peseta (1868-2001)
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Obverse description Black intaglio print on pale pink underprint, with black serial number. Central upper vignette shows allegorical women leaning on the crowned coat of arms of Spain, flanked by cornucopias filled with fruit, a caduceus, an anchor, honeycombs, and a landscape vignette with a seascape and forest; at top corners, putti engaged in painting and writing, and at bottom corners, recumbent lions. A laureate allegorical female bust in front-facing portrait occupies the bottom center medallion.
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Reverse description Printed in pale pink, the reverse is dominated by an intricate guilloche underprint covering the central field. Two oval medallions, one on each side, each contain a classical male bust in profile. The four corners carry elaborate lathe-work rosettes incorporating the numeral 50, with additional guilloche borders running along the top and bottom edges.
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Comments

The Banco de España's 1875 series was among the earliest issues following the institution's reorganization under the 1874 decree that granted it a monopoly on note issuance across Spain — a consolidation that effectively ended the regional banking experiment of the previous two decades. Sanders, a London engraving house, handled the printing, a common arrangement for Spanish authorities who lacked domestic intaglio capacity at the required standard.

Pick 7 is genuinely scarce. Survival rates for this entire series are low, and the 50 Pesetas denomination saw harder commercial use than the higher values.

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