History of the Peseta – FNMT

Throughout the lifetime of the peseta as a monetary system, the design has evolved marked by the impressions of each moment and in very different directions.

From the start

In accordance with what was established in 1869 the Spanish national coat-of-arms is kept for the reverse, modifications being added over time. On the obverses the presence of Hispania was replaced by the royal effigy.

The Second Republic marked a break in the typology, as motifs were introduced of a republican inspiration in keeping with the status of the new government. On occasions the models were issued in a poorly finished condition due to the pressing need to get them minted.

The coming to power of General Franco involved a turning point in this respect, with the introduction of a portrait modeled in 1947 by Benlliure and adapted by Manuel Marín. The portrait of the mature Franco is by Juan de Avalos.

To the present day

Under the democracy the sizes and values were adhered to while bringing in the likeness of King Juan Carlos I in addition to the Royal Coat-of-arms. However, since 1990 the types were renovated every year in the pursuit of a commemorative intention that put an end to the exclusively monarchical tradition and gave way to cultural, artistic or local motifs.

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