Shopping on line can be easy, simple and save you lots of money. It can also take a lot of your time, frustrate you, and result in unwanted purchases. Now the same can be said for regular high street shopping, but with the vast opportunity presented by the Internet it will pay you to spend a few minutes reading this and understanding how to better optimize your Spanish Peseta shopping experience:
1. Compare - without doubt the biggest advantage that the Spanish Peseta offers shoppers today is the ability to compare thousands of Spanish Peseta at a time. This is a great thing, but not necessarily all the time! Too much can be daunting at times so take advantage of the great comparison sites and where possible let them do the hard work for you.
2. Research - if it has been said it will be on the internet. Ignorance is no longer a justifiable reason for buying the wrong thing. Take the time to research in detail everything that you could possible want to know about
3. Testimonials - don't know anybody that has bought a Spanish Peseta? Wrong! If the Spanish Peseta is good the internet will let you know. Use the Internet as a friend and get testimonials before you buy.
4. Questions - Got a question about Spanish Peseta then search the Forums, FAQ's, Blogs etc. Don't be afraid to ask .....
5. Reputation - Never heard of the company selling Spanish Peseta? Don't worry, no reason why you should know every company in the world, but you know someone that does! Use the internet to find out what people are saying about Spanish Peseta and build up a picture of their reputation for sales, returns, customer service, delivery etc.
6. Returns - still worried that even after all of the above your Spanish Peseta wont be what you want? Check out the returns policy. There is so much competition now that someone, somewhere is bound to offer the terms that you are comfortable with.
7. Feedback - happy with your Spanish Peseta then let people know, after all you are depending on others people input in your buying decision, so why not give a little back.
8. Security - check for the yellow padlock on the Spanish Peseta site before you buy, and the s after http:/ /i.e. https:// = a secure site
9. Contact - got a question about Spanish Peseta, or want to leave a comment then check out the sites contact page. Reputable companies have them and respond.
10. Payment - ready to pay for your Spanish Peseta, then use your credit card or PayPal! Be aware of companies that don't accept them, there may be genuine reasons but given the huge amount of choice you have when buying online there is no reason at all not to buy via credit card or PayPal.
{{Infobox Currency| currency_name_in_local = peseta española | image_1 = 500 pesetas-reverse.JPG| image_title_1 = 3 × 500 pesetas| image_2 = Spagna 200 pesetas Madrid Capitale Europea della Cultura.JPG| image_title_2 = 200 pesetas - Madrid European Capital of Culture - 1992| inflation_rate = 1.4%| inflation_source_date = Cámara Gipuzcoa, 1998| pegged_by = Andorran peseta (ADP)| iso_code = ESP| using_countries =
Spain,
Andorra [1989 [1998 [1999 [2002| subunit_inline_note_1 = because of [inflation, céntimos were no longer in use.]| issuing_authority_website = www.bde.es| mint= Fábrica Nacional de Moneda y Timbre| printer_website = www.fnmt.es| obsolete_notice = Y-->The
peseta ([ISO 4217 code: ESP, standard abbreviation: Pta., Pts., or Ptas., symbol: ₧ (rare)) was the currency of Spain between 1869 and 2002. Along with the French franc it was also the currency of Andorra. It was subdivided into 100
céntimos or, informally, 4
reales.
Etymology
The name is believed to be derived from the Catalan language word "peceta", meaning "little piece", i.e., the diminutive of "peça", "-eta" being the usual feminine diminutive. However it is also likely that the name is the diminutive of "peso", an already-existing currency whose name derives from a unit of weight. This is consistent with other currencies, such as the British pound. Peseta is also the term used in
Puerto Rico for a Quarter (U.S. coin).
History
The peseta was introduced in 1869 after
Spain joined the Latin Monetary Union in 1868. The peseta replaced the
Spanish escudo at a rate of 2½ pesetas = 1 escudo. The peseta was equal to 4.5
grams of
silver or 0.290322 grams of
gold, the standard used by all the currencies of the Latin Monetary Union. From 1873, only the
gold standard applied. The political turbulence of the early 20th century caused the monetary union to break up, although it was not until 1927 that the union came to an official end.
In 1959, Spain became part of the
Bretton Woods System, pegging the peseta at a value of 60 pesetas = 1
U.S. dollar. In 1967, the peseta followed the devaluation of the
British pound, maintaining the exchange rate of 168 pesetas = 1 pound and establishing a new rate of 70 pesetas = 1 U.S. dollar.
The peseta was replaced by the euro in
2002, following the establishment of the euro in 1999. The exchange rate was 1 euro = 166.386 pesetas.
Coins
In 1869 and 1870, coins were introduced in denominations of 1, 2, 5, 10 and 50 céntimos, 1, 2 and 5 pesetas. The lowest four denominations were struck in copper (replaced by bronze from 1877), with the 50 céntimos, 1 and 2 pesetas struck in .835 silver and the 5 pesetas struck in .900 silver. Gold 25 pesetas coins were introduced in 1876, followed by 20 pesetas in 1878. In 1889, 20 pesetas coins were introduced, with production of the 25 pesetas ceasing. In 1897, a single issue of gold 100 pesetas was made. Production of gold coins ceased in 1904, followed by that of silver coins in 1910. The last bronze coins were issued in 1912.
Coin production resumed in 1925 with the introduction of cupro-nickel 25 céntimos. In 1926, a final issue of silver 50 céntimos was made, followed by the introduction of a holed version of the 25 céntimos in 1927.
In 1934, the Second Spanish Republic issued coins for 25 and 50 céntimos and 1 peseta. The 25 céntimos and silver 1 peseta were the same size and composition as the earlier Royal issues, whilst the 50 céntimos was struck in copper. In 1937, an iron 5 céntimos coins was introduced along with a brass 1 peseta. The last Republican issue was a holed, copper 25 céntimos in 1938.
During the Spanish Civil War, a number of local coinages were issued by both Republican and Nationalist forces. In 1936, the following pieces were issued by the Nationalists:
{|class="wikitable"|
District|
Denominations|-|Cazalla de Sierra|10 céntimos|-|
Arahal|50 céntimos, 1 peseta|-|[Asturias and
León (province)|50 céntimos, 1, 2 pesetas|-|Basque Country (autonomous community)|1, 2 pesetas|-|Ibi|5, 10, 25 céntimos, 1, 2½ pesetas|-|Nulles|5, 10, 25, 50 céntimos, 1 peseta|-|[Olot, [Palencia and
Burgos. Following the end of the [Spanish Civil War, the Nationalist government introduced aluminium 5 and 10 céntimos in 1940, followed by aluminium-bronze 1 peseta coins in 1944.
In 1948, the first 1 peseta coins bearing the portrait of Francisco Franco were issued. Nickel 5 pesetas followed in 1949. In 1951, holed, cupro-nickel 50 céntimos were introduced, followed by aluminium-bronze 2½ pesetas in 1954, cupro-nickel 25 and 50 pesetas in 1958 and smaller aluminium 10 céntimos in 1959. Silver 100 pesetas were issued between 1966 and 1969, with aluminium 50 céntimos introduced in 1967.
{{Coin image box 2 singles]
Juan Carlos I of Spain| caption_right =
Coat of arms of Spain| width_left = 88| width_right = 88| position = right| margin = 0-->Following the accession of
King Juan Carlos, the only change to the coinage was the introduction of cupro-nickel 100 pesetas in 1976. However, more significant changes occurred in 1982. The 50 céntimos was discontinued, with aluminium 1 and 2 pesetas and aluminium-bronze 100 pesetas introduced. Cupro-nickel 10 pesetas were introduced in 1983. Cupro-nickel 200 pesetas were introduced in 1986, followed by aluminium-cupro-nickel 500 pesetas in 1987. In 1989, the size of the 1 peseta coin was significantly reduced and aluminium bronze 5 pesetas were introduced. Nickel-bronze 25 pesetas and smaller 50 pesetas were introduced in 1990, along with larger 200 pesetas.
Until
19 June 2001, the following
coins were minted by the Spanish Fábrica Nacional de Moneda y Timbre:{]|- | 5 ₧ || 0.03 || 17.5 mm || 3 g ||
Aluminium bronze|- | 25 ₧ || 0.15 || 19.5 mm || 4.25 g || [Aluminium bronze|- | 100 ₧ || 0.60 || 24.5 mm || 9.25 g || [Aluminium bronze|- | 500 ₧ || 3.01 || 28 mm || 12 gr || [Aluminium bronze). The 50 pesetas coins issued between 1990 and 2000 were the first that featured the [Spanish flower shape.{| class="wikitable"!colspan="2"| Spanish flower|-| | |}
Banknotes
In 1874, the Banco de España introduced notes for 25, 50, 100, 500 and 1000 pesetas. Except for the 250 pesetas notes only issued in 1878, the denominations produced by the Banco de España did not change until the Civil War, when both the Republicans and Nationalists issued Banco de España notes.
In 1936, the Republicans issued 5 and 10 pesetas notes. The Ministry of Finance (Ministerio de Hacienda) introduced notes for 50 céntimos, 1 and 2 pesetas in 1938, as well as issuing stamp money (consisting of postage stamp or revenue stamps affixed to cardboard disks) in denominations of 5, 10, 15, 20, 25, 30, 40, 45, 50 and 60 céntimos.
The first Nationalist Banco de España issues were made in 1936, in denominations of 5, 10, 25, 50, 100, 500 and 1000 pesetas. 1 and 2 pesetas notes were added in 1937. From the mid 1940s, denominations issued were 1, 5, 25, 50, 100, 500 and 1000 pesetas. The 1, 5, 25 and 50 pesetas were all replaced by coins by the late 1950s.
In 1978, 5000 pesetas notes were introduced. The 100 pesetas note was replaced by a coin in 1982, with 2000 pesetas notes introduced in 1983, 200 pesetas in 1984 and 10,000 pesetas in 1987. The 200 and 500 pesetas notes were replaced by coins in 1986 and 1987.
The penultimate series of banknotes was introduced between 1982 and 1987 and remained legal tender until the introduction of the euro.
{]|- bgcolor="6633FF"| 500 ₧ || 3.01 || 129 × 70 mm || Dark blue ||
Rosalía de Castro|- bgcolor="#ff6666"| 2000 ₧ || 12.02 || 147 × 80 mm || Red || [Juan Ramón Jiménez|- bgcolor="#CCCCCC"| 10 000 ₧ || 60.10 || 165 × 85 mm || Gray || [Juan Carlos I of Spain and Felipe, Prince of Asturiass series (1992) was:
{| class="wikitable" style="font-size: 90%"! Value !! € equiv. !! Dimensions !! Colour !! Portrait|- bgcolor="#008800"| 1000 ₧ || 6.01 || 130 × 65 mm || Green || [Hernán Cortés and
Francisco Pizarro|- bgcolor="#CC9933"| 5000 ₧ || 30.05 || 146 × 71 mm || Brown || [Christopher Columbus and [Jorge Juan de Ulloa|}
The 1000 ₧ note was colloquially known as a "talego".
"Andorran" peseta
The Andorran peseta (ADP) was a 1:1 peg to the Spanish peseta. As Andorra used coins and banknotes from Spain, there was no separate Andorran peseta, and they were convertible into normal pesetas.
After the euro
The peseta was replaced by the euro (€) in 1999 on currency exchange boards. Euro Euro coins and
euro banknotes were introduced in January 2002, and in March 1,
2002, the peseta lost its legal tender status in Spain (also in Andorra). The exchange rate was 1 euro = 166.386 ESP
Peseta notes and coins that were legal tender on December 31,
2001, remain exchangeable indefinitely at any branch of the Banco de España.
Trivia
The video game Resident Evil 4 is set in an unnamed, Spanish-speaking region in Europe where the currency is the peseta, even though the game takes place in 2004 and the peseta had become obsolete by then.
See also
References
External links
{{Standard numismatics external links| world_coin_gallery_1_url = Spain| world_coin_gallery_1_name = Spain| banknote_world_1_url = spain| banknote_world_1_name = Spain| dollarization_1_url =| dollarization_1_name =| gfd_1_url = Spain| gfd_1_name = Spain| gfd_data_1_url = 4023| gfd_data_1_name = Spain Peseta| show_gfd_excel = Y-->
- Overview of the peseta from the BBC
- Banco de España: last peseta issues
-->
1999 by law, 2002 de facto.
{{Infobox Currency| currency_name_in_local = peseta española | image_1 = 500 pesetas-reverse.JPG| image_title_1 = 3 × 500 pesetas| image_2 = Spagna 200 pesetas Madrid Capitale Europea della Cultura.JPG| image_title_2 = 200 pesetas - Madrid European Capital of Culture - 1992| inflation_rate = 1.4%| inflation_source_date = Cámara Gipuzcoa, 1998| pegged_by = Andorran peseta (ADP)| iso_code = ESP| using_countries = Spain,
Andorra [1989 [1998 [1999 [2002| subunit_inline_note_1 = because of [inflation, céntimos were no longer in use.]| issuing_authority_website = www.bde.es| mint= Fábrica Nacional de Moneda y Timbre| printer_website = www.fnmt.es| obsolete_notice = Y-->The
peseta ([ISO 4217 code: ESP, standard abbreviation: Pta., Pts., or Ptas., symbol: ₧ (rare)) was the
currency of
Spain between 1869 and 2002. Along with the French franc it was also the currency of
Andorra. It was subdivided into 100
céntimos or, informally, 4
reales.
Etymology
The name is believed to be derived from the Catalan language word "peceta", meaning "little piece", i.e., the diminutive of "peça", "-eta" being the usual feminine diminutive. However it is also likely that the name is the diminutive of "peso", an already-existing currency whose name derives from a unit of weight. This is consistent with other currencies, such as the
British pound. Peseta is also the term used in Puerto Rico for a Quarter (U.S. coin).
History
The peseta was introduced in 1869 after Spain joined the Latin Monetary Union in 1868. The peseta replaced the
Spanish escudo at a rate of 2½ pesetas = 1 escudo. The peseta was equal to 4.5 grams of
silver or 0.290322 grams of
gold, the standard used by all the currencies of the Latin Monetary Union. From 1873, only the gold standard applied. The political turbulence of the early 20th century caused the monetary union to break up, although it was not until 1927 that the union came to an official end.
In 1959, Spain became part of the
Bretton Woods System, pegging the peseta at a value of 60 pesetas = 1 U.S. dollar. In 1967, the peseta followed the devaluation of the British pound, maintaining the exchange rate of 168 pesetas = 1 pound and establishing a new rate of 70 pesetas = 1 U.S. dollar.
The peseta was replaced by the euro in
2002, following the establishment of the euro in 1999. The exchange rate was 1 euro = 166.386 pesetas.
Coins
In 1869 and 1870, coins were introduced in denominations of 1, 2, 5, 10 and 50 céntimos, 1, 2 and 5 pesetas. The lowest four denominations were struck in copper (replaced by bronze from 1877), with the 50 céntimos, 1 and 2 pesetas struck in .835 silver and the 5 pesetas struck in .900 silver. Gold 25 pesetas coins were introduced in 1876, followed by 20 pesetas in 1878. In 1889, 20 pesetas coins were introduced, with production of the 25 pesetas ceasing. In 1897, a single issue of gold 100 pesetas was made. Production of gold coins ceased in 1904, followed by that of silver coins in 1910. The last bronze coins were issued in 1912.
Coin production resumed in 1925 with the introduction of cupro-nickel 25 céntimos. In 1926, a final issue of silver 50 céntimos was made, followed by the introduction of a holed version of the 25 céntimos in 1927.
In 1934, the
Second Spanish Republic issued coins for 25 and 50 céntimos and 1 peseta. The 25 céntimos and silver 1 peseta were the same size and composition as the earlier Royal issues, whilst the 50 céntimos was struck in copper. In 1937, an iron 5 céntimos coins was introduced along with a brass 1 peseta. The last Republican issue was a holed, copper 25 céntimos in 1938.
During the Spanish Civil War, a number of local coinages were issued by both Republican and Nationalist forces. In 1936, the following pieces were issued by the Nationalists:
{|class="wikitable"|
District|
Denominations|-|Cazalla de Sierra|10 céntimos|-|Arahal|50 céntimos, 1 peseta|-|[Asturias and León (province)|50 céntimos, 1, 2 pesetas|-|
Basque Country (autonomous community)|1, 2 pesetas|-|
Ibi|5, 10, 25 céntimos, 1, 2½ pesetas|-|Nulles|5, 10, 25, 50 céntimos, 1 peseta|-|[Olot, [Palencia and
Burgos. Following the end of the [Spanish Civil War, the Nationalist government introduced aluminium 5 and 10 céntimos in 1940, followed by aluminium-bronze 1 peseta coins in 1944.
In 1948, the first 1 peseta coins bearing the portrait of Francisco Franco were issued. Nickel 5 pesetas followed in 1949. In 1951, holed, cupro-nickel 50 céntimos were introduced, followed by aluminium-bronze 2½ pesetas in 1954, cupro-nickel 25 and 50 pesetas in 1958 and smaller aluminium 10 céntimos in 1959. Silver 100 pesetas were issued between 1966 and 1969, with aluminium 50 céntimos introduced in 1967.
{{Coin image box 2 singles]
Juan Carlos I of Spain| caption_right = Coat of arms of Spain| width_left = 88| width_right = 88| position = right| margin = 0-->Following the accession of
King Juan Carlos, the only change to the coinage was the introduction of cupro-nickel 100 pesetas in 1976. However, more significant changes occurred in 1982. The 50 céntimos was discontinued, with aluminium 1 and 2 pesetas and aluminium-bronze 100 pesetas introduced. Cupro-nickel 10 pesetas were introduced in 1983. Cupro-nickel 200 pesetas were introduced in 1986, followed by aluminium-cupro-nickel 500 pesetas in 1987. In 1989, the size of the 1 peseta coin was significantly reduced and aluminium bronze 5 pesetas were introduced. Nickel-bronze 25 pesetas and smaller 50 pesetas were introduced in 1990, along with larger 200 pesetas.
Until 19 June 2001, the following
coins were minted by the Spanish Fábrica Nacional de Moneda y Timbre:{]|- | 5 ₧ || 0.03 || 17.5 mm || 3 g || Aluminium bronze|- | 25 ₧ || 0.15 || 19.5 mm || 4.25 g || [Aluminium bronze|- | 100 ₧ || 0.60 || 24.5 mm || 9.25 g || [Aluminium bronze|- | 500 ₧ || 3.01 || 28 mm || 12 gr || [Aluminium bronze). The 50 pesetas coins issued between 1990 and 2000 were the first that featured the [Spanish flower shape.{| class="wikitable"!colspan="2"| Spanish flower|-| | |}
Banknotes
In 1874, the
Banco de España introduced notes for 25, 50, 100, 500 and 1000 pesetas. Except for the 250 pesetas notes only issued in 1878, the denominations produced by the Banco de España did not change until the Civil War, when both the Republicans and Nationalists issued Banco de España notes.
In 1936, the Republicans issued 5 and 10 pesetas notes. The Ministry of Finance (Ministerio de Hacienda) introduced notes for 50 céntimos, 1 and 2 pesetas in 1938, as well as issuing stamp money (consisting of
postage stamp or
revenue stamps affixed to cardboard disks) in denominations of 5, 10, 15, 20, 25, 30, 40, 45, 50 and 60 céntimos.
The first Nationalist Banco de España issues were made in 1936, in denominations of 5, 10, 25, 50, 100, 500 and 1000 pesetas. 1 and 2 pesetas notes were added in 1937. From the mid 1940s, denominations issued were 1, 5, 25, 50, 100, 500 and 1000 pesetas. The 1, 5, 25 and 50 pesetas were all replaced by coins by the late 1950s.
In 1978, 5000 pesetas notes were introduced. The 100 pesetas note was replaced by a coin in 1982, with 2000 pesetas notes introduced in 1983, 200 pesetas in 1984 and 10,000 pesetas in 1987. The 200 and 500 pesetas notes were replaced by coins in 1986 and 1987.
The penultimate series of banknotes was introduced between 1982 and 1987 and remained legal tender until the introduction of the euro.
{]|- bgcolor="6633FF"| 500 ₧ || 3.01 || 129 × 70 mm || Dark blue || Rosalía de Castro|- bgcolor="#ff6666"| 2000 ₧ || 12.02 || 147 × 80 mm || Red || [Juan Ramón Jiménez|- bgcolor="#CCCCCC"| 10 000 ₧ || 60.10 || 165 × 85 mm || Gray || [Juan Carlos I of Spain and
Felipe, Prince of Asturiass series (1992) was:
{| class="wikitable" style="font-size: 90%"! Value !! € equiv. !! Dimensions !! Colour !! Portrait|- bgcolor="#008800"| 1000 ₧ || 6.01 || 130 × 65 mm || Green || [Hernán Cortés and Francisco Pizarro|- bgcolor="#CC9933"| 5000 ₧ || 30.05 || 146 × 71 mm || Brown || [Christopher Columbus and [Jorge Juan de Ulloa|}
The 1000 ₧ note was colloquially known as a "talego".
"Andorran" peseta
The Andorran peseta (ADP) was a 1:1 peg to the Spanish peseta. As Andorra used coins and banknotes from Spain, there was no separate Andorran peseta, and they were convertible into normal pesetas.
After the euro
The peseta was replaced by the euro (€) in 1999 on currency exchange boards. Euro Euro coins and euro banknotes were introduced in January 2002, and in
March 1, 2002, the peseta lost its legal tender status in Spain (also in Andorra). The exchange rate was 1 euro = 166.386 ESP
Peseta notes and coins that were
legal tender on December 31, 2001, remain exchangeable indefinitely at any branch of the
Banco de España.
Trivia
The video game
Resident Evil 4 is set in an unnamed, Spanish-speaking region in Europe where the currency is the peseta, even though the game takes place in 2004 and the peseta had become obsolete by then.
See also
References
External links
{{Standard numismatics external links| world_coin_gallery_1_url = Spain| world_coin_gallery_1_name = Spain| banknote_world_1_url = spain| banknote_world_1_name = Spain| dollarization_1_url =| dollarization_1_name =| gfd_1_url = Spain| gfd_1_name = Spain| gfd_data_1_url = 4023| gfd_data_1_name = Spain Peseta| show_gfd_excel = Y-->
- Overview of the peseta from the BBC
- Banco de España: last peseta issues
-->
1999 by law, 2002 de facto.
Spanish peseta - Wikipedia, the free encyclopedia
The peseta (ISO 4217 code: ESP, standard abbreviation: Pta., Pts., or Ptas., symbol: ₧ (rare) was the currency of Spain between 1869 and 2002. Along with the French franc, it was ...
Spanish peseta | guardian.co.uk
Spanish peseta Scholars still argue about its origins. Most popular school of thought is that it comes from a Catalan word meaning ...
Spanish peseta - Hutchinson encyclopedia article about Spanish peseta
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only.
Implicit bands in the Spanish peseta/Deutschmark exchange rate, 1965 ...
The objective of this article is to identify implicit bands for the Spanish peseta/Deutschmark exchange rate. To this end, based on the 'natural...
Spanish peseta - definition of Spanish peseta by the Free Online ...
Thesaurus Legend: Synonyms Related Words Antonyms. Noun: 1. Spanish peseta - formerly the basic unit of money in Spain; equal to 100 centimos. peseta. centimo - a fractional ...
Bank of England|Statistics|Statistical Interactive Database|Columns
Page 1, results 1 to 6 of 6; XUMASPS: Title: Monthly average Spot exchange rate, Spanish Peseta into Sterling XUMLSPS: Title: End month Spot exchange rate, Spanish ...
Peseta - Wikipedia, the free encyclopedia
Pesta may refer to. The Spanish peseta, the former currency of Spain; Ex gang members in Prisons in Honduras
Spanish 5 Peseta Silver Crown Coins of Alphonso XII
Spain issued silver crowns of Five Pesetas during the reign of King Alphonso XII, from 1875 to 1885...
Spanish 5 Peseta Silver Crown Coins of Alphonso XIII
Spain issued silver crowns of Five Pesetas during the reign of King Alphonso XIII, issued from 1888 to 1899, with three different portraits...
Bank of England|Statistics|Statistical Interactive Database|Columns
Page 1, results 1 to 2 of 2; XUMASPG: Title: Monthly average Effective exchange rate index, Spanish Peseta (1990 average = 100) XUMLSPG: Title: End month Effective ...
