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| 正面铭文 | 500 REALES VELLON EL BANCO DE MALAGA pagará en efectivo al portador QUINIENTOS REALES DE VELLON 500 Rs. Vn. (Translation: 500 Reales Vellon The Bank of Málaga will pay in cash to the bearer Five hundred Reales Vellon) |
| 背面描述 | The reverse is printed in blue and brown, centered on an elaborate oval guilloche composition with the large denomination numeral "500" rendered in brown intaglio-style engraving within a series of interlocking medallions. The bank name "BANCO de MALAGA" arcs along the upper and lower borders of the outer oval frame, flanked by rectangular cartouches inscribed "REALES" and "VELLON" on either side. |
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The Banco de Málaga was one of the provincial emission banks established under Spain's 1856 banking law, which briefly allowed regional institutions to issue their own notes in competition with the Banco de España. The arrangement was short-lived. The 1874 decree granting the Banco de España a national monopoly on note issue forced all provincial banks to cease emission, and most of their outstanding paper was either redeemed at a discount or simply never presented. Málaga's notes survived in very small numbers.
The reales de vellón denomination dates this note firmly before the 1868 peseta reform, which swept away the old Castilian monetary system entirely.