43 | Spanish Bank Notes

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50 Pesetas NOT ISSUED. September 1937. Bank of Spain, Gijón. Correlative pair. Without series, with matrix on the left and numbered for its use. (Edifil 2017: NE33, Pick: S579). Extraordinarily rare correlative pair, probably the only one known. Uncirculated. PMG65EPQ/64EPQ. (as of November 1, 2021 there are 3 notes graduated with 65EPQ and one with 64EPQ, precisely the one we offer, the rest have lower graduations).
Due to the impossibility of shipments from the Central Government, an impossibility caused by strict maritime control in the Bay of Biscay, the Basque Country and Santander as it was led by the national side, the Asturias council experienced setbacks due to lack of billing. After this situation, the production of banknotes with dates of September 1937 is prescribed against the state prohibition. The planned issue was made up of three notes of 25, 50 and 100 Pesetas, of which only the 100 Pesetas was put into circulation and only for 14 days. These banknotes were designed by Germán Horacio Robles, along with his lithographic watermarks, in the Natahoyo neighborhood of Gijón. Those with a value of 50 or 100 Pesetas are signed by Belarmino Tomás (Governor of the Council of Asturias and León) and by Rafael Fernández (Minister of Finance), for this reason they are known as "Belarminos". To get an idea of the rarity of the 50 Peseta bill, we literally capture a reference by the expert Ramón Cobo Huici, in Numismático Digital: "These 50 peseta bills can be found with and without the matrix cut, with an approximately equal number of copies in both conditions, about 96 copies in total. Very few copies can also be found in a vertical pair, without separating" The issue was not completed due to the fall of Gijón into national hands.
Source: Ramón Cobo Huici. Antonio Amat, Encyclopedia of banknotes of Spain. Inés Montes, The New Spain.