On October 19, 1868, the use of the peseta as the unitary currency of Spain was approved. A currency that has remained until 2002, when the euro was established in the Member States of the European Union. However, until relatively recently it has remained in circulation. In fact, some businesses have continued to accept this currency as a form of payment.
The Bank of Spain established June 30, 2021 as the deadline to exchange all the pesetas that were kept in exchange for euros, although it was initially planned to be December 31, 2020. According to the latest data published by this body, the Spaniards kept 263,555 million pesetas in their homes, about 1,584 million euros.
It is assumed that this figure will have been reduced, since with the Bank of Spain's ultimatum many people rushed to exchange the old notes and coins. But there will be many others who, surely out of nostalgia, have decided to keep them in their homes.
Surely without knowing it, the latter may have coins with a much higher value than what is reflected on their reverse. Because lovers of numismatics (or coin collecting) are always willing to pay huge amounts in order to get hold of the strangest ones or that, for some reason, are special editions and, therefore, very scarce.
What are the most valuable pesetas
Like happens with a few euros, there are pesetas that, due to certain characteristics, can be sold for up to 20,000 euros. This is the case of the 5-peseta coin from 1949. This is due to the fact that some of these models were never put into circulation that year, which is why their value has skyrocketed, although it also depends a lot on its conservation status.
However, from 1949 to 1952, five different copies were minted, so pay attention to the molded number around the word 'five', with the ones bearing 49 and 52 being the rarest, and thus , for which more money can be asked. In fact, one of these coins has been auctioned for up to 36,000 euros.
1 peseta 1947: 1,400 euros
5 pesetas 1957: 800 euros
5 pesetas 1975 with reverse of the 82 World Cup
1 peseta 1944: 350 euros
100 pesetas 1966: 145 euros
50 pesetas 1984: 70 euros
100 pesetas 1983: 55 euros
1 peseta 1987: 45 euros
Although not all rare metals reach these values. But there are many that can be sold for not insignificant amounts and that you may have at home without realizing it.