This peseta coin is part of Spain’s journey of having money in its country for many centuries. That very same year, 19th October, 1868 the Spanish government established the peseta as the legal unit of account. Local currency of Spain was a significant part of the society’s life until it was replaced by euro in 2002, altogether serving more than 130 years.
Same as with other obsolete currencies many people still saved their pesetas although they are no longer used. While using these coins and billets some people feel that this is not only money but the presence of the history that makes them very happy reminiscing their childhood and young age. Some people like to collect things that are old and peculiar to people.” Some coin fanatics also believe that these coins might gain their value in the future once again, yet this has remained as wishful thinking for most enthusiasts because they don’t really realize that many coins out there could merely remain as mere collectible items.
Why a coin can be so valuable and appreciated
- Emotional connection to the past
- Interest in numismatic collections
- Potential future value
Of all the items in circulation from that time, the most popular one is the peseta of the year 1946, and there’s only 150 such pieces in circulation. People like me get fascinated by it because few specifically collect these and also because it’s quite significant in history.
In any case, some of the pesetas are true gemstones and occupy a unique position in the world of coins. Besides, one of them is the most valuable piece of Spanish State money because of its features: Let us tell you which coin it is. Listen up, because you may already have one.
The 1946 Peseta : Only 150 Exist
The 1946 peseta is the most sought-after piece of Spanish state money. There’s an interesting story behind this coin.
This was the goal in 1944: to find new materials that could make metals last longer. This led to the metal used in Yugoslav dinars being used by other countries. Before that, coins did not have the dictator’s bust on them because most people in the West were against the absolute power rule. Instead, they showed things that were connected to him, like the yoke and bows, the coat of arms’ eagle, the Iberian horseman, and more.
- Year of Minting: 1946
- Unique Alloy: Inspired by Yugoslav dinars
- Historical Symbols: Yoke and arrows, the eagle, Iberian horseman
International pressure didn’t start to ease until 1946. At that point, many people thought that Spain’s government was a matter for the Spanish people only. A famous Valencian artist named Mariano Benlliure was asked to add the dictator’s face to the coins because of this. There were about 1,000 made, and each one had the year 1946 and the stars marked from 19 to 48.
The Design Change Requested
But the dictator did not like the plan at all and said to Benlliure to modify it. The new etching was finally incorporated into the pesetas the were produced in 1947 and 1953.
Rarity of the 1946 Pesetas
Only about 150 of the 1,000 machines that were made are thought to still exist today.
The Value of the 1946 Peseta
The peseta with the face of the tyrant is very valuable because there are only 150 of them. An article in Dialnet talks about how the value of these pieces changes based on their condition, but they can hit “elevated values.”
FAQs On That coin of Spain:
Q. Spain’s most expensive coin?
A. The Spanish coin was minted in only 150 examples and therefore it is widely sought by collectors.
Q. What does this make the currency worthwhile?
A. Due to its scarcity, restricted issue and usage in the history of the Spanish currency, makes it one among Spain’s most valuable coins.
Q. How do I buy this coin?
A. Both over the counter and through dealers, auctions, and fairs for collectors are the means of selling the coin. Its scarcity could also mean it is could be pricey when it gets to the auction.