Spain 1823-M SR 20 reales

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Aureo sale 238, lot 236
This specimen was lot 236 in Aureo & Calicó sale 238 (Barcelona, November 2011), where it sold for 420 euro (about US$666 including buyer's fees). The catalog description[1] noted,
"1823. Madrid. SR. 20 reales. Tipo ´cabezón´. Parte de brillo original. Escasa. EBC-. (Spain, twenty reales of 1823, Madrid mint. Mint luster, scarce, about extremely fine.)"
This Spanish twenty reales de vellon was struck in Madrid during the regime of Fernando VII (1814-33). This type was struck in Madrid 1821-23, Barcelona 1822-23 and Seville 1822-23. Later twenty reales were struck 1833-49. The "de vellon" coinage system, used 1808-50, set twenty reales = one peso instead of the traditional eight. The coins minted using that standard were not marked in any way different from the concurrent eight reales standard, a source of confusion for collectors today. It must have been a major irritant for the inhabitants of the time.

Recorded mintage: unknown.

Specification: 27.07 g, .903 fine silver, .786 troy oz ASW.

Catalog reference: Cayón-16078, Cal. 517, KM 561, Dav-325.


  • 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.
  • [1]Sisó, Teresa, Eduardo Domingo and Lluís Lalana, Subasta Colleción Leunda, Barcelona: Aureo & Calicó Subastas Numismáticas, 2011.

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