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La Historia de la Peseta (Peseta...
La Historia de la Peseta (Peseta History) - 24 Replicas Pesetas .925 silver coin.
Issuance of replicas of the 24 sterling silver coins, 925 (17) and silver plated in 24 carat gold (7) that form the History of the Peseta. Weight 551 grams. Special commemorative issue. FNMT. In its case of wood for exhibition with velvet 26.5 x 34 cm, encapsulated. Without Certificate.
1 Item Items
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|Metal :||.925 Silver|
|Series :||La Historia de la Peseta|
|Certificate of Authenticity :||No|
|Original ETUI box/case :||Yes|
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 (set up in 1865), 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.
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 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.
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