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500 Pesetas

Issuer Banco de España
Year 1954
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Reference(s) P#148
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Obverse lettering 500 EL BANCO DE ESPAÑA PAGARÁ AL PORTADOR QUINIENTAS PESETAS MADRID, 22 de Julio de 1954 EL GOBERNADOR / EL INTERVENTOR / EL CAJERO (Signatures of Joaquín Benjumea Burín, Conde de Benjumea, Antonio Victoriano Martín Martín and Joaquín Serrano García)
(Translation: The Bank of Spain will pay the bearer Five Hundred Pesetas. Madrid, 22nd of July, 1954. The Governor / The Auditor / The Cashier (Signatures of Joaquín Benjumea Burín, Conde de Benjumea, Antonio Victoriano Martín Martín and Joaquín Serrano García))
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Reverse lettering 500 PESETAS BANCO DE ESPAÑA Toledo (Zuloaga)
(Translation: 500 Pesetas Bank of Spain Toledo (Zuloaga))
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Comments

The 1954 series marked a gradual modernization of Banco de España output after years of wartime and post-Civil War austerity printing. The 500 pesetas denomination was the highest circulating note at the time — Spain's economy in the mid-1950s was still largely closed under autarky, and notes of this value represented substantial purchasing power for most Spaniards.

The engraving credit is unusual: both obverse and reverse were handled by brothers within the López Sánchez-Toda family, a striking concentration of craft at the FNMT. Alfonso and José Luis were among the most skilled intaglio engravers working in Spain during this period.

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