On January 1, 1999, the Euro came into force and replaced the peseta with an exchange rate set at 1 euro = 166.386 pesetas. However, the peseta remained the official currency in Spain until 1999. In the latter, however, it was used together with the French franc.ĭue to political turbulence, the Latin Monetary Union was first revoked and then officially dissolved in 1927. Precisely the peseta was equal to 4.5 grams of silver or 0.290322 grams of gold and was the official currency in both Spain and Andorra. The peseta was originally divided into 100 Céntimos or, in a much more informal way, 4 Reales. The latter replaced the Escudo with an exchange rate corresponding to 2.5 Pesetas for 1 escudo. Precisely the year of admission of Spain is 1868 or the same year in which the first Peseta was coined. Specifically, this was introduced in the 19th century, when Spain was preparing to join the Latin Monetary Union. Like all EU countries, Spain also had another currency before moving to the Single Currency. We begin this article dedicated to Spanish Euro coins by introducing what is the history of Spanish general numismatics.Ĭome tutti i Paesi dell’Unione Europea anche la Spagna, prima di passare alla Moneta Unica, aveva un’altra valuta. Spanish Euro Coins Introduction from the Peseta to the Spanish Euro Coins If we talk about the Euro coin collection and therefore all the euro coins of the various European countries, we can not fail to mention the beautiful collection of Spanish Euro Coins which is composed of three coins of small denomination in copper, three Nordic Gold and two bimetallic coins of 1 and 2 euro. Coins Online Auction: How does it work?.

Rare 20 cent euro coins 1999