100 Pesetas ESP Banknote (Banco de España (Madrid Issue)) 1948

100 Pesetas Peseta (Issued 1948)

The 1948 Madrid Issue 100 Pesetas banknote represents a distinctive period in Spanish monetary history, issued during the post-Civil War reconstruction era under the Banco de España. Collectors and currency specialists recognise this denomination for its intricate engraving work and the portrait selection made during this particular historical moment. The note’s design reflects the technical standards of Spanish banknote production in the immediate post-war years, with careful attention to security through fine-line engraving and complex geometric patterning. The serial number F8188660 appears prominently, allowing for precise identification and provenance tracking of individual notes.

On the front, a dignified male portrait appears in three-quarter profile facing left, rendered in warm reddish-brown tones against a cream background. The engraving demonstrates fine linear hatching throughout the facial features, creating depth and dimension characteristic of 1940s currency design. Above the portrait, the text reads “EL BANCO DE ESPAÑA” in capitals, with “PARA EL PORTADOR” directly beneath. The denomination “CIEN PESETAS” is displayed prominently in the centre. The serial number F8188660 is printed in red ink on the right side, with the date “Madrid, 2 de Mayo de 1948” shown below. Two official signatures appear in the lower portion, labelled “EL GOBERNADOR” and “EL INTERVENTOR”. The note features ornamental corner medallions containing “100” within circular designs, and decorative borders frame the entire composition. The left margin displays a vertical panel with repeated geometric ornaments in guilloché style, whilst the lower right corner contains an elaborately decorated denomination cartouche with baroque-influenced scrollwork housing another “100” denomination marker.

The reverse displays an allegorical scene occupying the right two-thirds of the note, rendered in the same reddish-brown colour palette. The composition depicts multiple figures in classical dress engaged in what appears to be a scene of commerce, industry, or prosperity, with architectural elements visible in the background. On the left side, a large circular white vignette space remains empty, surrounded by an ornate guilloché border featuring intricate geometric patterns and floral motifs. Below this circular area, the text “DE ESPAÑA” and another “100” denomination appear within decorative cartouches. The serial number F8188660 is repeated four times across the reverse in red ink—at the top left, top right, bottom left, and bottom right—providing multiple security reference points. Corner denominations of “100” are positioned throughout, maintaining the design symmetry consistent with the obverse. The overall engraving quality shows meticulous attention to fine-line detail in both the figural composition and the decorative border elements.

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• Indicate the quantity of 100 Pesetas Peseta banknotes you want to exchange
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• Your online account now shows the exchange value

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