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Description
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Plis
The Royal Treasury Bond is a financial document issued in Spain in 1837, belonging to Series A and bearing the issue number 868. Its face value is set at 200 pesos fuertes, equivalent to 20 reales vellon, two monetary units then in use within the Spanish monetary system of the time.
This type of document corresponds to a debt acknowledgment issued by the Spanish Royal Treasury, reflecting the financial difficulties experienced by the Spanish monarchy during this troubled period. The year 1837 was set against a backdrop of intense political tensions in Spain, marked by the First Carlist War and the institutional upheavals linked to the regency of Maria Christina of Bourbon, mother of the future Queen Isabella II. Royal Treasury bonds were then a public financing instrument designed to meet the urgent needs of the State.
The peso fuerte was a strong monetary unit, distinct from the real vellon, the latter being a billon coin of lesser value. The joint mention of these two units on the document reflects the conversion system then in force between the various Spanish monetary denominations of the 19th century.
This royal bond is distinguished by its individual numbering, with the number 868 allowing its unique identification within Series A. This type of security was generally printed on paper and featured official typographic elements, such as inscriptions relating to the issuing authority, the value, the series and the reference number, thereby guaranteeing its authenticity and administrative traceability.
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