1 Peseta Naguabo

Puerto Rico has not issued its own coinage since the Spanish colonial peso system was abolished following American annexation in 1898, when U.S. currency was imposed at a fixed exchange rate that wiped out locally-held Spanish pesos overnight. A 2009 silver peseta attributed to "Puerto Rico" with a Naguabo designation is not a recognized governmental issue — Naguabo is a small municipality on the island's eastern coast with no minting authority. This appears to be a private or fantasy piece, possibly part of a regional collectibles series, and should be cataloged accordingly.