1 peseta 1948

Common. eBay market data shows consistent sales across multiple condition grades from 2010-2025, with VF specimens regularly selling in the $6-8.50 range and catalog values (2016) listing VF at $6 and UNC at $20. The high frequency of sales listings and modest price points indicate this note was produced in substantial quantities and remains readily available to collectors, typical of regular-issue peseta denominations from the 1948 period.

Issued by Banco de España on June 19, 1948, this note emerges from Spain's post-Civil War period under Franco's regime, when the peseta served as the primary circulating currency. The Dame of Elche portrait references the famous Iberian sculpture, connecting Spanish monetary policy to the nation's pre-Roman artistic heritage, while the orange motif celebrates Spain's agricultural abundance—both nationalist imagery reflecting mid-20th century Spanish identity during the early Franco years.

The obverse features the Dame of Elche (Dama de Elche), the famous pre-Roman Iberian limestone sculpture, depicted as a female portrait in right-facing profile adorned with an elaborate ceremonial headdress and decorative jewelry. The reverse displays a botanical study of oranges (or pomegranates) with foliage contained within an ornamental medallion frame, symbolizing Spanish agricultural production. Both sides employ ornate scalloped corner borders and decorative numerals characteristic of Spanish currency design of this era. The color palette is predominantly brown/sepia with tan undertones on a multicolor security underprint.

Front: 'BANCO DE ESPAÑA' (Bank of Spain); 'UNA PESETA' (One Peseta); 'DE CURSO LEGAL' (Legal Currency); 'Madrid, 19 de junio de 1948' (Madrid, June 19, 1948); 'EL GOBERNADOR' (The Governor); 'EL INTERVENTOR' (The Inspector); 'EL CAJERO' (The Cashier); 'F.C. NÚM DE MONEDA Y TIMBRE' (National Currency and Stamp Factory). Back: Serial number 'B08302343' appears at top and bottom.

Intaglio engraving (copper plate) executed by the Fábrica Nacional de Moneda y Timbre (FNMT) in Madrid, as evidenced by the fine line work, detailed guilloche patterns, and depth of impression visible in the portrait and ornamental elements. The multicolor security underprint and layered design indicate combination printing methods typical of Spanish Bank Notes production in the 1940s.

Serial number B08302343 indicates a B-series note from the first printing run. No overprints, security overprints, or signature varieties are evident from the visual analysis. This represents the standard regular issue type from the June 19, 1948 authorization date. Further variety identification would require comparison with known cataloged varieties for this Pick number regarding signature combinations or minor printing differences.