Spain 1870-SN M 5 pesetas (70)
In 1868, the monarchy was overthrown. The old regime, marred by corruption and scandal and unable to quell rebellions in Catalonia and Cuba, was little mourned. The new government, unable to find a prince willing to accept the throne, established a republic and designed new coins. The system, reformed in 1850 and 1866, was reformed again to conform to the French model. The peso was reduced to 25 grams and set equal to five pesetas with each peseta divisible into 100 centimos. This system would prevail until the coming of the euro. This design was struck in large numbers and is fairly common in grades up to Very Fine; nice specimens like the one shown are scarce and expensive.
Recorded mintage: 5,923,000.
Specification: 25 g, .900 fine silver, .723 troy oz ASW.
Catalog reference: KM 655, Dav-336.
- 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.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
- Martí Hervera, Soler y Llach Subastas Internacionales, Subasta Numismática, 5 de Noviembre 2009, Barcelona, 2009.