Spain 1897-SGV 100 pesetas (97)
"1897 SG 100 pesetas. Valencia mint. MS-61 (NGC). 1897 star date. Young Head of Alfonso XIII to right, legends and date around/ crowned arms and pillars, legends and denomination around. Lustrous medium gold with reflective fields and trivial signs of handling. A popular and substantial one year type."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 one hundred pesetas, struck in Madrid (not Valencia) in 1897, matches the contemporary French 100 francs. Small numbers of restrikes were issued in the 1960's. The only other gold coin of Alfonso XIII is a rare 1904 20 pesetas (KM 724) with an older bust of the king than shown here.
Recorded mintage: 150,000.
Specification: 32.26 g, .900 fine gold, .933 troy oz AGW; this specimen: 32.32 grams, 34.90 mm.
Catalog reference: Cayón-17656, KM 708, Fr-347, C&C-20097.
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