Spain 1891-PG M peseta (91)

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from the Mountain Groan Collection
Spain 1891 peseta rev 600.jpg

The early coinage of Spain is familiar: eight reales = one peso; two pesos = one escudo. During the Napoleonic period, the real was devalued such that one peso = twenty 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 1889 and 1891, matches the contemporary French silver franc down to the odd .835 alloy.

Recorded mintage: 4,948,000.

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

Catalog reference: Cayón-17609, KM 691.


  • 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.

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