500 Pesetas ESP Banknote (Banco de España (Madrid Issue)) 1951

500 Pesetas Peseta (Issued 1951)

The 500 Pesetas denomination issued by Banco de España in 1951 represents a significant mid-range value within Spain’s post-war peseta series. This note was part of the Madrid Issue programme, which introduced updated security features and refined engraving techniques to the Spanish currency system during the early 1950s. The denomination’s design reflects the artistic standards of the period, combining classical portraiture with intricate decorative elements that distinguish it from both lower and higher value notes in circulation. Its position within the series made it a workhorse banknote for substantial commercial transactions during this era of Spanish economic recovery.

On the front, a finely engraved portrait of a bearded gentleman wearing spectacles dominates the composition, rendered in the refined stippled and line-work technique characteristic of mid-twentieth-century banknote production. The portrait is positioned left of centre within an elaborate frame of geometric guilloché patterns in shades of violet and grey-blue. The denomination “500” appears prominently in decorative corner cartouches, rendered in both numeral and text form. The issuing authority “BANCO DE ESPAÑA” is displayed in clear, authoritative lettering across the upper portion, with “PAGARA AL PORTADOR” (payable to bearer) beneath it. The text “QUINIENTAS PESETAS” (five hundred pesetas) is printed in the centre-right area in refined serif typography. A serial number “B5418552” is visible in red-brown ink, with “MADRID” and the date notation “16 DE NOVIEMBRE DE 1951” beneath the portrait. Two authorised signatures appear in the lower section, accompanied by additional institutional markings. The reverse presents an engraved scene of a classical female figure in flowing robes, positioned within a landscaped setting featuring cypress trees and architectural elements rendered in fine grey-blue tones. The ornamental frame on the left displays “QUINIENTAS PESETAS” within an elaborate shield-shaped cartouche, whilst the denomination “500” appears in decorative corner blocks on both the left and right sides. The serial number “B5418552” is repeated four times across the reverse in matching red-brown ink—upper left, upper right, lower left, and lower right—ensuring consistency with the obverse. “BANCO DE ESPAÑA” is inscribed along the lower edge in formal lettering. The overall composition maintains the violet-grey colour palette established on the front, with intricate border ornaments and security patterns throughout.

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• Indicate the quantity of 500 Pesetas Peseta banknotes you want to exchange
• Click the ‘Add to your account’ button
• Your online account now shows the exchange value

From leftover holiday money to inherited collections, Webuyallcurrency.com will exchange or buy your Spanish Pesetas banknotes and other foreign currency, handling old and withdrawn pieces in the same simple process.