Banknote Billet Spain 200 pesos fuertes 1837

Remarks:

Plis et traces de manipulation

The Royal Treasury Bond is a financial document issued in Spain in 1837, belonging to Series A and bearing order number 871. Its face value is 200 pesos fuertes, equivalent to 20 reales vellon, two monetary units then in use within the Spanish financial system of that era.

This type of Royal Treasury bond fits into the particularly unstable economic and political context of 19th-century Spain, marked by the Carlist Wars and tensions surrounding the regency of Maria Christina of Bourbon. The use of Treasury bonds allowed the Spanish Crown to finance its immediate needs by mobilising funds from institutional and private creditors. These public debt instruments were guaranteed by royal authority, hence their designation as royal bonds.

The denomination in pesos fuertes, the silver reference monetary unit of this period, reflects the still complex articulation between the various value systems coexisting in Spain before the definitive monetary reform. The real de vellon, for its part, was a common subdivision used in daily transactions, and its association with the peso fuerte on this document illustrates the monetary duality characteristic of this transition.

As a banknote, this Royal Treasury bond represents a significant example of Spanish paper money and state debt securities from the second third of the 19th century. The individual numbering of each copy, here number 871, ensures the traceability and authenticity of each security issued within this series. This type of document is today a sought-after piece by collectors specialising in Spanish historical notaphily.