Description
The peseta was introduced in 1869 after Spain joined the Latin Monetary Union in 1868. The Spanish Law of June 26, 1864 decreed that in preparation for joining the Latin Monetary Union , the peseta became a subdivision of the peso with 1 peso duro = 5 pesetas. The peseta replaced the escudo at a rate of 5 pesetas = 1 peso duro = 2 escudos. Was the currency of Spain between 1869 and 2002. The Banco de España started issuing these 50 Spanish Peseta coins in 1990. They were withdrawn from circulation in 2002. The silver-colored Spanish piece of 50 ptas is round with seven indents. There are various different designs of the fifty pesetas coin, each version issued to commemorate a person or a national event, like the 1992 World Expo in Seville. We exchange all 50 Pesetas coins dated 1990 and later.
