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5 Pesetas replica

Issuer Banco de España
Year 1954
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Printer Fábrica Nacional de Moneda y Timbre, Spain
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Obverse description Half-length portrait vignette of Alfonso X 'the Wise', King of Castile, facing left, after the sculptural monument on the façade of the Biblioteca Nacional de España in Madrid. Issuer name and denomination inscribed in letterpress, with three facsimile signature lines for Governor, Auditor, and Cashier.
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Reverse lettering BANCO DE ESPAÑA
CINCO PESETAS
MADRID · PALACIO DE BIBLIOTECAS Y MUSEOS
REPRODUCCIÓN AUTORIZADA
(Translation: BANK OF SPAIN
FIVE PESETAS
MADRID · PALACE OF LIBRARIES AND MUSEUMS
AUTHORIZED REPRODUCTION)
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Comments

Pick 146 is the 5 Pesetas note of 22 July 1954, one of the smaller-denomination issues of the Franco period printed entirely by the FNMT in Madrid. The word "replica" in the item name warrants attention: the FNMT has produced authorized facsimile reproductions of Spanish notes for collectors and institutions, and these carry printed or stamped indications of their non-negotiable status. Whether this example is an original circulated note or an official facsimile reproduction determines its catalog placement and value entirely — the two should not be conflated.

The original 1954 issue circulated heavily in everyday transactions until peseta inflation made the 5-peseta note functionally obsolete by the 1970s.

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