1 Peseta Toa Baja

Toa Baja is one of Puerto Rico's oldest municipalities, founded in 1745, and this peseta belongs to a series issued by the Commonwealth of Puerto Rico commemorating its constituent towns — an unusual exercise in local identity for a territory whose monetary policy is entirely controlled by Washington. The peseta denomination itself carries deliberate historical irony: Spain's base currency unit, defunct in Puerto Rico since the American takeover in 1898, resurrected here over a century later in silver.