Pexels, Blog Numismático The Old Peseta Bill That's Worth the Same as a Car: a True Treasure
This specimen of the old pesetas has become one of the most sought after due to its high market value.
The world of collecting doesn't only focus on ancient coins. Sometimes, some banknotes also stand out due to their high market value. Especially when we talk about historical and hard-to-find pieces.
In this case, a particularly special 500 pesetas note draws attention. So much so that its price has multiplied to be worth thousands of euros on specialized pages. This makes it one of the most desired by collectors.
This Is the Old Peseta Banknote That Buys You a Car
The 500 pesetas banknote from October 1, 1903, is a true gem for numismatics collectors. Issued during the reign of Alfonso XIII, this banknote stands out not only for its historical value but also for other details. Among them, its rarity and the high interest it generates in the collecting market must be considered.
This banknote was designed by Bartolomé Maura, recognized as one of the best Spanish engravers of his time. The issuance of this banknote dates back to October 1, 1903, and features elements that reflect the era and historical context of Spain at the beginning of the 20th century.
The Value of This Special Banknote Today
The scarcity of this banknote in the market makes it an extremely desired piece. Since 2015, only seven specimens have been auctioned, highlighting its rarity. In a recent auction, a banknote from this issuance, without repairs and in MBC+ (Very Well Preserved) condition, was sold for 17,500 euros.
Another specimen, also without repairs and in MBC+ condition, was auctioned with a starting price of 12,000 euros. These data show that the value of these banknotes can vary according to their condition and the demand at the time of sale.
In any case, this banknote is considered one of the rarest of the 20th century in Spain. Its scarcity and the artistic quality of its design make it an emblematic piece for collectors of Spanish banknotes. Owning a specimen of these characteristics is to hold a significant part of the country's monetary history in one's hands.
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