Banknote Billet Spain 200 pesos fuertes 1837

Remarks:

Plis et salissures

The Royal Treasury Bond is a financial document issued in Spain in 1837, belonging to Series A and bearing the identification number 870. It is a state debt instrument denominated in 200 pesos fuertes, equivalent to 20 reales vellon, the monetary unit then in use on the Iberian Peninsula.

This type of bond is part of the context of paper money and Spanish Royal Treasury securities issuances characteristic of the first half of the 19th century, a period marked by significant political and economic turmoil in Spain, particularly related to the Carlist Wars and the institutional reforms under the regency of Maria Christina of Bourbon. The use of Treasury bonds was then an essential mechanism for financing public expenditure of the Spanish state.

The peso fuerte was a reference monetary unit in the Hispanic world, widely used in commercial and financial transactions both in the mainland and overseas. The simultaneous mention of the real vellon reflects the dual monetary system in force at that time in Spain, where different units of account coexisted depending on usage and region.

This document belongs to the category of state fiduciary notes and securities, distinct from banknotes issued by private or semi-public institutions. As a series-numbered bond, it had a fixed face value and constituted a formal acknowledgment of debt by the Spanish Royal Treasury to its holder.