Banknote Billet Spain 200 pesos fuertes 1837

Remarks:

Plis et salissures

The Royal Treasury Bond is a valuable document issued in Spain in 1837, belonging to Series A and bearing the identification number 866. It is a state debt security, representative of the financial instruments used by the Spanish Crown to meet its treasury needs during the 19th century.

Its face value is expressed in 200 pesos fuertes, equivalent to 20 reales vellón, two monetary units then in circulation within the Spanish monetary system of the time. The peso fuerte was an important unit of account in high-value transactions, while the real vellón was a common divisional currency. This dual expression of value reflects the coexistence of several monetary reference systems in Spain during the first third of the 19th century, a period marked by considerable political and economic instability, particularly during the reign of Isabella II and the tensions arising from the Carlist Wars.

This type of Royal Treasury Bond reflects the financial practices of the Spanish State, which resorted to issuing negotiable securities to finance its current expenditures. These documents were generally drafted with care, bearing handwritten or printed notes relating to the value, series, serial number and repayment conditions. Series A indicates that it belongs to a first issue or category of this type of bond within an internal administrative classification.