Banknote Billet Spain 200 pesos fuertes 1837

Remarks:

Plis, salissures et 1 coupure à droite

The Royal Treasury Bond is a debt security issued by the Spanish government in 1837, a particularly turbulent period politically and economically for Spain, marked notably by the First Carlist War and the liberal reforms of the regency of Maria Christina of Bourbon.

This note belongs to Series A and bears the issue number 878. It is denominated at a face value of 200 pesos fuertes, equivalent to 20 reales vellon, two monetary units then in simultaneous use in Spain, reflecting the complexity of the Spanish monetary system of the time. The peso fuerte constituted a strong unit of account, while the real vellon represented the common currency in circulation, this dual denomination thus allowing the value of the security to be specified precisely within both reference systems.

This type of financial document, designated by the term Royal Treasury Bond, corresponds to a short-term public debt instrument used by the Spanish Crown to finance its immediate treasury needs. Its issuance is part of a context of progressive monetary and budgetary reform aimed at modernising Spanish public finances under the influence of liberal ideas.

From the perspective of numismatic collecting and antique paper money, this note presents significant historical interest as a direct testimony to the financial and monetary practices of 19th-century Spain. The individual numbering of the bonds, as evidenced by the number 878, allowed for rigorous control of the circulation of these securities and today constitutes a valuable identification element for collectors and financial historians.