One of the founding members and users of the new Euros, Spain saw its pesetas disappear into the new wave of commerce that is a unified Europe.
#OLD SPANISH PESETA COINS SERIES#
When the Euro coins were first unveiled, right after the turn of the millennium, the entire series of several different countries faded away as part of the old order. It takes about 334 coins of 5 pesetas to reach the kilo.Going, Going Gone: The Spanish 5 Peseta By Mark Benvenuto Here you will receive around €3/ kilo of pesetas. Some coins accidentally have the year on the back.įinally, the least lucrative option is to take your old coins to the scrap dealer. They were made on the occasion of the 1982 World Cup in Spain and are very much appreciated. 5 Pesetas 1975 with the reverse of the World Cup ’82.The huge ‘ten duros’ coin reaches a value of €65-70. Made in 1983 they are now worth about €55. This was minted on the occasion of the III National Exhibition of Numismatics. The nickel-brass ‘five duros’ with a hole in the centre cost between 50 cents and €50. The price varies between €3.19 and €354.76, depending on the condition they are in. It was made of copper-nickel and was known as ‘hard’.
The price varies from three cents to €800, depending on the condition of the coin. 5 Pesetas (also with the portrait of Francisco Franco) 1957.Some, very rare and well preserved, are sold for up to €1,400.
The first coins with the portrait of Francisco Franco on it. In any case, when in doubt, it is best to consult an expert in numismatics or collecting: They are also for sale on websites such as eBay. Specialised websites such as Foronum, Todocolección, or Sellosonline collect some of the most sought-after coins. Silver pesetas are usually purchased by coin collectors who purchase them by weight at the prevailing price of silver. Normally they were made of aluminum or bronze. Silver pesetasįor example, pesetas of silver are special. In such a case, your old peseta coin can yield up to €20,000. Normally, numismatics or collectibles shops are not very interested in pesetas, unless they are limited editions or editions with a quirk. If you still have pesetas at home, it’s worth checking to see if there are any valuable ones. An amendment to the Euro Act, in 2012, set a deadline of December 31, 2020, but in November last year, the government extended the deadline again by six months to June 30, 2021, due to mobility restrictions stemming from the pandemic. First peseta in 1868Īfter the introduction of the euro, Spaniards were able to make payments in both euros and pesetas for another 3 months – until March 31 that year. In the absence of definitive data, the bank estimates that 45% of the peseta coins in circulation before the introduction of the euro will never be exchanged at the Bank of Spain because people want to keep them as collectibles, as they are in very bad condition, lost or left the country in the pockets of tourists.
The average amount of pesetas exchanged by the Spaniards at the last minute is about €170 per person, according to Concha Jiménez, general manager of Cash and Branches.Īccording to data from the Bank of Spain, Spaniards still have a total of 132,110 million pesetas in banknotes (€794million and 130,280 million pesetas in coins (€783million) somewhere. According to the Spanish bank, this figure shows that Spaniards exchanged 7 million euros worth of old pesetas in the month of June. This amount is equivalent to 262,390 million pesetas. After the deadline for exchange on June 30, the Spaniards would still have a total of €1,577million of the old national currency in-house.
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