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500 Pesetas replica

Issuer Banco de España
Year 1931
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Size 179 x 98 mm
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Obverse description Intaglio portrait vignette of Juan Sebastián de Elcano at left centre, set within an ornate arched guilloche frame with columned borders. Central panel carries the denomination in letterpress within a elaborate arabesque underprint, with date MADRID, 25 de ABRIL de 1931 and three signature lines below.
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Reverse lettering Banco de España
QUINIENTAS PESETAS
Real Casa de la Moneda
Fabrica Nacional
de Moneda y Timbre
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Comments

The 1931 Spanish 500 Pesetas was printed by Bradbury, Wilkinson & Co. in New Malden during a period when the newly proclaimed Second Republic had inherited the financial infrastructure — and outstanding print contracts — of the Primo de Rivera dictatorship it replaced. The Republic issued its own notes but often kept existing designs in circulation, a pragmatic concession to continuity over symbolism.

This particular item is cataloged as a replica. Genuine P-84 examples are scarce in high grade given the disruptions of the Civil War years immediately following issue.

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