Last June 30 was the last day allowed to exchange pesetas for euros . Since the current currency came into force in Spain, at the beginning of the century, many Spaniards have been postponing this moment until they have no other choice.
That day, the last day of June, the Bank of Spain stopped exchanging coins for euros and in the offices of this entity in Barcelona, ​​Valencia and Madrid there were long queues of people waiting until the last day to make the exchange.
These exchanges could also be made in the other branches that the Banco de Espana has distributed throughout the country, up to 15 locations, andCoins and banknotes issued after 1939 could be delivered . In addition, for banknotes issued during the Civil War, the entity’s experts had to carry out a prior analysis.
Until the month of May, the Spanish kept a total of 1,584 million euros in the old national currency , which converted to that currency was more than 263,000 million pesetas. The value of all these pesetas, at least the monetary value, is the exchange rate set when the euro was introduced as the official currency, 166 pesetas for each euro.
The question we ask ourselves is, what is the real value of the old pesetas, understanding the coins as a collector’s item that is revalued over time
According to Javier Mercado, editor of the numismatic portal collectorsdemonedas.com, the old 5 pesetas from 1949 are precisely the true stars of collecting in Spain.

What pesetas could make you rich

The 5 pesetas of 1949 are considered a true jewel in the crown of numismatics because their presence on the market is very scarce. This coin was only in circulation for three years, until 1952, and it is estimated that a collector could pay between 12,000 and 20,000 euros for one of them, as long as it is in good condition.
And that is precisely the purpose of numismatics, to obtain products that are appreciated by collectors and that do not show a high degree of wear.If they have lost their shine, are scratched or their color is not the original, a direct consequence of their own circulation, their value will plummet.
In fact, the 1949 pesetas could continue to be exchanged at the Bank of Spain, as well as other later ones that have great value in many auctions and the collecting sector, such as the 1 peseta coin from 1947, the 2.5 pesetas from 1953 , the 100 pesetas of 1966, the 50 pesetas of 1984 or the 25 pesetas of 1995 , which surprised many due to its hole in the center.

What does the real value of pesetas depend on

As a general rule, the older a coin is, the higher its value because it is a collector’s item . But in the case of the old pesetas, the rarity and the state of conservation are aspects as relevant as the antiquity, and this can be verified with the coin highlighted by Javier Mercado.
The 49 “duro” is made of silver, practically touches the century of antiquity and was only in circulation for a short time, which suggests that the degree of circulation of these coins is lower than that of others.
In Spain there was an important coinage later in 1957, so that duro also has a lot of value, but as long as its degree of conservation is appropriate. On the other hand, coins minted between the 70s and 90s do not reach a great value, and more so if one takes into account that in some cases they are one of those currencies that have been kept in many homes with the arrival of new coin creation processes and the subsequent arrival of the euro.
The key to knowing the value of an old peseta coin is to go to a numismatic expert or contact the Bank of Spain to certify that it was a coin from the estimated period . From there, decide between two options, keep it to see if it appreciates over time, trade in the world of numismatics, or even take an interest in this hobby, which attracts thousands of people around the world.

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