Spain 1902-SM V peseta (02)

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Künker sale 293, lot 2294
This specimen was lot 2294 in Künker sale 293 (Osnabruck, Germany, July 2017), where it sold for €130 (about US$175 including buyer's fees). The catalog description[1] noted,
"SPANIEN, KÖNIGREICH, Alfonso XIII. 1886-1931. 1 Peseta 1902/1902, SMV, Madrid. Calicó 48. Attraktives, vorzügliches Exemplar mit feiner Tönung. (kingdom of Spain, Alfonso XIII, 1886-1931, peseta of 1902, Madrid mint. Attractive extremely fine example with fine toning.)"
In 1885, Alfonso XII died young of tuberculosis, leaving a posthumous son who was crowned Alfonso XIII. In 1869, 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 silver peseta, struck in Madrid in 1896-1900, matches the contemporary French silver franc down to the odd .835 alloy. The 1902 is a scarce date despite the large mintage.

Recorded mintage: 2,599,000.

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

Catalog reference: KM 706, Cal. 49.


  • 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.
  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1901-2000, 42nd ed., Iola, WI: Krause Publications, 2014.
  • [1]Künker Münzauktionen und Goldhandel, Katalog 293: Münzen aus Mittelalter und Neuzeit u. a. die westfälischen Privatsammlungen Werner Bröker und Bernd Terletzki, Osnabrück: Fritz Rudolf Künker GmbH & Co., AG, 2017.

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