New in our shop

Coins of Italy (1978 to 1997). Lot of 4

Coins of Italy (1978 to 1997)
Lot of 4

Lot consists of four Italian coins minted between 1978 and 1997.

This lot consists of the following items:

- 500 Lire, 1997
- 200 Lire, 1978
- 200 Lire, 1979
- 200 Lire, 1981

The state of these currencies is used and circulated but are in good condition.

Add that if you want one or more pieces of this set can also be purchased separately.

Price of lot: 3 Euros
Price: 0.75 Euros

More Information
More Information

Go to our shop

You are in: Home > Coins > History of the peseta

History of the peseta

History of the pesetaProbably the story of the most common objects is the most exciting. In this case, the peseta (legal tender in Spain before the arrival of the Euro) has an intricate history, especially during the Spanish Civil War (1936-1939).

About the name Peseta, although other sources are attributed, the most widely accepted is that the name derives from the Catalan word "peceta". This word means little feet or diminutive piece.

This word was used in ancient times to denote coins. According to documents and was used during the Middle Ages to designate coins. In the fifteenth century appears again this term to refer to silver coins. But PECET not entered in the Spanish language as a peseta to the early eighteenth century. The first official document that refers to this name was dated July 13, 1718.

The official function of the peseta would not arrive until mid-nineteenth century, when the government of Francisco Serrano aims to put some order to the chaotic monetary system and establishes the Spanish peseta coin as the only legal use. This initiative was really difficult. In Spain there were 90 types of currencies. Each previous rule created a new currency. The citizens were terrified at the sight of a new currency, but fortunately the peseta replaced the other currencies. This facilitated the transactions of the Spanish regions.

The first official peseta had on the obverse the figure of a goddess on the Rock of Gibraltar with his right hand holding an olive branch. The design of this coin was inspired by the coins minted by the Roman emperor Hadrian. The figure of the goddess symbolizes the desire for freedom from absolutism of earlier times. The rest lie in attitude was a symbol of a new period of peace.

Because the peseta was divided into cents coins were issued various values of less than one quarter. The coins of five and ten cents is popularly called "perra gorda" (big dog) and "perra chica" (small dog). This nickname came because of that Luis Plañiol, engraver of the Mint, levied a lion rampant position on the front of the coin. But this animal seemed more like a dog than a lion. It is for this reason that these coins were so called because of the good humor of its citizens. Also at this time the coin of five pesetas was called "duro".

Another important date in the history of the peseta is the day July 1, 1874. At this time appeared the first paper money peseta made to coincide with the Bank of Spain granted the exclusive right to issue banknotes. So far provincial banks could make pesetas. The first ticket watermark appeared ten years later, on July first 1884.

In 1925 appear lot of coins of twenty-five cents. But because their size resembled those of two silver pesetas made a hole in the center. This hole later appeared on coins of fifty cents as of 1949 or twenty-five pesetas in 1992. This type was eliminated with the advent of the Euro.

In 1933 and 1934 and to the republic as a political regime in Spain, the figure of the goddess reappeared at one peseta coins. This means again a willingness period of peace and political and social stability, although again the country was divided into a new war.

Because of the Spanish Civil War, the economic system was divided in two. There was a central bank for some belligerante own. The Republican zone would initially based in Madrid, but moved to Valencia, Castellón and Aspe (Alicante) because of the advance of Franco´s fascist army. Franco bank was established in Burgos and then in Madrid. Each bank denied the peseta from the opposing side, competing abroad to demonstrate that their money was good.

Nationalist troops forced from the year 1936 that any citizen who possessed the republic tickets inserting a seal or enter them in a bank account in order to validate them. For their part, Republicans established a decree to issue silver certificates of five and ten pesetas in form of notes. These notes were not accepted by the rival faction. Comment that some of the legacy currencies of the national side were minted in Vienna (Austria).

In 1937 the state changed the alloy of the peseta by the golden color. Immediately came the nickname of "rubias" (blondes). Although initially the coins would be made with a high proportion of pure copper, the rate dropped to ensure a greater resistance to daily use.

The silver coins, copper and bronze disappearing, especially the latter to be melted down to make ammunition with them. This lack of money caused the problems citizens have time to pay, forcing businesses, unions and municipalities to create their own currency. This issue of notes was especially active in Catalonia. At the end of the war that circulated was counted 3,384 different types of tickets. The government distributed cardboard pesetas a postage stamp to authenticate the value attached.

With Franco´s government continued with the minting of pesetas. Franco´s face appeared on coins in the period 1947-48 and was the work of sculptor Mariano Benlliure. This portrait had excessive stress that was gradually reduced. Twenty years later the last penny of the dictatorship. Franco appeared much older and was designed by Juan de Avalos.

The establishment of the monarchy in 1975 and the restoration of democracy in 1978 made the first issue of coins with the face of King Juan Carlos I.

In 1980, displayed the coins commemorating the 1982 Football´s World Cup. In that year appears one peseta coin made of aluminum replacing the popular blonde. Other currencies are disappearing peseta cents, making the peseta in the base currency and no cents from 1983.

In 1989, one peseta coin would have another new design. Lentils have been called because of its small size. This coin was not very popular due. It was very small and difficult to catch. Peseta currency lost more and more real value.

Finally the peseta disappears replaced by the Euro in 2002 as a result of the participation of Spain in the European Monetary Union. The substitution of one currency for another was preceded by a period of transition in which both circulated simultaneously.

Share on Facebook

Write your comment

Write your comment

Using the form below will send us comments or personal opinion about the content published. We hope your comment!

Name and surname :

E-mail :

Comment :