Spain 1870-DE M peseta (73)

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Aureo sale 232, lot 2459

The early coinage of Spain is familiar: 8 reales = 1 peso; 2 pesos = 1 escudo. During the Napoleonic period, the real was devalued such that one peso = 20 reales de vellon. This was reformed in 1850 and again in 1864. In 1870, with the collapse of the monarchy, the reales, pesos and escudos were dropped in favor of centimos and pesetas conforming to the Latin Monetary Union. This silver peseta, struck in Madrid in 1869-73, shows the republican Hispania even tho by 1873 Spain was once more a monarchy. The actual date is not the "1870" below Hispania but the tiny "18-73" in the obverse stars.

The second specimen shown was lot 2459 in Aureo y Calico sale 232 (Barcelona, March 2011), where it sold for 190 euros (about US$314 including buyer's fee). The catalog description[1] noted,
"1870*1873. DEM. 1 peseta. Levísimos golpecitos. Buen ejemplar. Escasa así. MBC+. (Peseta of 1873, light nicks, nice example, scarce thus, choice very fine.)"

Recorded mintage: 5,165,000.

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

Catalog reference: KM 653, Cal. 17.


  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
  • 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.

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