A rare 1 peseta banknote, printed in Madrid on July 22, 1953, could fetch up to €25,000 at auction. The banknote, featuring the Marquis of Santa Cruz on the front and a galleon on the back, is highly sought after by collectors. Its value stems from its design and the difficulty in finding examples in perfect condition.
While it held minimal economic value at the time, its rarity now commands a high price. Collectors emphasize that to reach such a valuation, the banknote must be in impeccable condition, free from folds, stains, or wear. The specific series it belongs to also influences its value, as some print runs were more limited than others.
The market for collectible banknotes and coins is dynamic, with prices fluctuating significantly. If you own a 1953 peseta note, assessing its condition is crucial. A pristine note, without any signs of use, has the potential to be highly valuable. Consulting with numismatic experts for an accurate appraisal is also recommended.