Spain 1893-PG L peseta (93)

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Aureo sale 232, lot 2469

This specimen was lot 2469 in Aureo y Calicó sale 232 (Barcelona, March 2011), where it sold for 97 euros (about US$160 including buyer's fee). The catalog description[1] noted,

"1893*1893. PGL. 1 peseta. Leves golpecitos. Buen ejemplar. MBC+. (Peseta of 1893, light nicks, nice example, choice very fine.)"

This Spanish ten centimos was part of the third decimal reform of 1870. In 1850, the 20 reales was reduced to 26.91 grams. This having proven unsatisfactory, the coinage was reformed again in 1864. The 20 reales was dropped in favor of a two escudos silver coin, reduced to 25.96 grams. One hundred centimos = one escudo. By the reform of 1870, the revolutionary government adopted the standard of the Latin Monetary Union, where one peseta = one French franc and five pesetas = 25 g of silver, 0.900 fine. The peseta remained in use (tho it ceased to be silver in the 1930's) until the adoption of the euro in 2001. This type was struck 1893-94 and is expensive in nice condition.

Recorded mintage: 1,958,000.

Specification: 5 g, .835 silver, .134 troy oz ASW.

Catalog reference: Cayón-17610, Cal. 39, KM 702.

Sources:

  • Cayón, Adolfo, Clemente Cayón and Juan Cayón, Las Monedas Españolas, del Tremis al Euro: del 411 a Nuestros Dias, 2 volumes, Madrid: Cayón-Jano S.L., 2005.
  • Calicó, Xavier, Numismática Española: Catálogo General con Precios de Todas las Monedas Españolas Acuñadas desde Los Reyes Católicos Hasta Juan Carlos I, 1474 a 2001, Barcelona: Aureo & Calicó, 2008.
  • [1]Sisó, Teresa, Eduardo Domingo and Lluís Lalana, Selección de 500 Monedas, Medallas y Billetes, Barcelona: Aureo y Calicó Subastas, 2011.
  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.

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