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500 Pesetas replica

Issuer Banco de España
Year 1884
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Value 500 Pesetas 500 ESP = TRY 161
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Reverse description Central vignette of the Coat of Arms of Spain framed between two classical columns, surrounded by radiating guilloche patterns and ornamental lathe-work borders. Denomination numerals '500' appear in oval cartouches at left and right, with the issuer's name arched across the top.
Reverse lettering BANCO DE ESPAÑA
500

Real Casa de la Moneda
Fabrica Nacional
de Moneda y Timbre
(Translation: Bank of Spain)
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Comments

The Banco de España's 1884 series occupies an awkward moment in Spanish monetary history — the Restoration government was still consolidating the bank's monopoly on note issue, formalized only a decade earlier in 1874. Whether this replica was produced by the FNMT for archival, educational, or commemorative purposes is unspecified, but the original issue itself circulated against a backdrop of chronic public distrust of paper currency in the Iberian peninsula, where coin remained the preferred medium well into the late nineteenth century.

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