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500 Pesetas - Juan Carlos I steel, portraits

Issuer Royal Mint of Madrid (Real Casa de la Moneda de Madrid)
Year 1987
Type Coin pattern
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Obverse script Latin
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Reverse description The crowned monogram of the Royal Mint of Madrid — a large stylized M surmounted by a royal crown — occupies the upper portion of the field. Below it, the word PRUEBA (meaning 'trial' or 'pattern') is inscribed in bold capital letters across the center. At the base of the field, the date abbreviation 87 appears within a six-pointed star, serving as the mint's assayer or year mark.
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Additional information

This piece is a pattern or test strike — KM#TS2 classification places it outside regular issue entirely. Spain was in the midst of redesigning its coinage infrastructure during the late 1980s, and the Fábrica Nacional de Moneda y Timbre was actively experimenting with steel-core compositions as the country modernized production ahead of European monetary integration pressure. Most such trial pieces were never released to circulation and survived only in institutional collections or through mint disposal channels.

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