Gather coinsFor many people it is more than a hobby, it becomes an investment. And the profitability that can be obtained exceeds thousands of euros. Among the coins of this type are pesetas, which were in the pockets of the Spaniards for more than 130 years.
Before going into detail about what it is, it is worth remembering what are the reasons why a currency ends up being overvalued. They can be boiled down to three: conservation, scarcity and rarity.
Having made this clarification, it is worth noting which 5 peseta coins (also known as duros) are real treasures. It’s not for nothing that more than 80,000 euros were paid for some of them.
What are the 5 most valuable pesetas?
To find this coin, you will have to go back far in time. It was minted in Madrid, namely in 1895. during the reign of Alfonso XIII. With a diameter of 37 millimeters and a weight of 25 grams, it was made of 900 thousand silver.
On the front side there is bust of the boy king On the left, surrounded by the legend “By the Grace of God – 1895 – Alfonso XIII”. While on the back side, You can see the crowned shield of Spain surrounded by King Const. Spain” and the denomination “5 pesetas”.
According to Coin Collectors, in 2021, a copy was sold at an auction by the house of Aureo & Calico for 75,000 euros. It subsequently appeared again at another auction, this time by MDC Monaco, and its price reached 80,000 euros. And already in 2023 at the Heritage House auction reached its maximum of 82,763 euros..
Next on the list are the 1869 Duro silver coins. These are perhaps the rarest and most sought after series as they were not minted for circulation. According to Coin Collectors, its maximum estimated price will be 40,000 euros.
This 900 thousand silver coin. Its diameter is 37 millimeters, weight is 25 grams. The obverse of the coin depicts Spain lying on the Pyrenees, and the Rock of Gibraltar at its foot, the inscription “Spain”, the year “1869” and the stars “18-69”.
Although the opposite is even more interesting. It depicts the shield of Spain surrounded by the inscription “Law of 900 thousand * 40 pieces in kilograms”, the denomination of the coin and the abbreviations “SN” and “M”.
This was in 2010 when reached its maximum price at auction: 40,000 euros.. Subsequently, prices decreased and ranged from 39,000 to 12,500 euros.
Finally, the third statement arose later in time. It’s about 1949 franc coin.. At some auctions they were sold for amounts varying from 12,000 euros to 36,000 euros.
What is this? To begin with, we must take into account that There are five different 1949 duro coins.. And what you need to pay attention to are the numbers stamped on the two stars around the word “five”.
Thus, according to Coin Collectors, the maximum value of a coin with 49 and 50 on its star is 20 euros. Of course, provided that it is in perfect condition. If the star says 51 years old, we are talking about 6,000 euros; and if you enter 52, it reaches a maximum of 36,000 euros.. The fifth duro coin has the letter E on one star and the number 51 on the other. Its cost is about 5 euros.
Why this difference? Because in that year 1951 (when the Korean War was in full swing) the price of nickel increased. One consequence is that The manufacturing cost of this hard drive exceeded its face value.
For this reason, the coins with stars 51 and 52 were melted down, with the exception of a small number kept by collectors with high purchasing power and high prestige of the dictatorship. Specifically from 1952 there are about 14 copies.