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50 Pesetas

Issuer Banco de España
Year 1927-1931
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Currency Peseta (1868-2001)
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Obverse description Black and grey intaglio print over a red and ochre guilloche underprint, with black serial number. A front-facing portrait vignette of King Alfonso XIII occupies the left side of the note, while a vignette of the Royal Palace of Madrid appears at the bottom centre. The remaining space is filled with intricate geometric designs typical of the period.
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Variants P#72a - issued note
P#72b - with round embossed Republic validation seal at upper left (1931)
Comments

Bradbury Wilkinson printed this series for the Banco de España during a period of significant political turbulence — the notes span the final years of the Primo de Rivera dictatorship and the brief transitional governments that preceded the Second Republic's proclamation in April 1931. That the same design circulated across such a rupture without modification says something about the practical priorities of the incoming republican administration, at least in the short term.

Bradbury Wilkinson's intaglio work for Spanish issues of this period is consistently fine, and the New Malden facility had long-established relationships with several European central banks for exactly this grade of security printing.

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