Exchanging pesetas: what's worth keeping?

[KennyisaG]

Hi all, I've been planning to go to Spain for a while, and have accumulated just over 70000 pesetas in coin and note in hopes to exchange it at the Banco de Espana this spring. All of the coins are from the newest series, the only ones the bank will accept, and notes dating from the 1970 and 1992 series. I've set aside an 1992 2000 pesetas in UNC to sell online, and my collection of best-condition pesetas are kept in my collection.

Three questions:

• Are there any peseta coins or notes worth keeping to sell, either in UNC or circulated?
• Are previous series of peseta coins exchangeable?
• Does the Banco de Espana charge a fee for exchange, and are there other banks that can exchange?

I am also bringing along about 800 EUR in coins ranging from the 2 euro to the 1 euro cent. I've collected the euro coins to my amusement but I am considering exchanging all of my 1 and 2 euro coins. Anything worth keeping from there (besides Monaco, of course)? Will the Banco de Espana be able to exchange them, or is there a better place to trade them for notes?

Thank you

[Figleaf]

Pre-euro Spanish coins are plentiful. It will take a few more decades before they go up in value and in that time, normal inflation will continue. As an investment they suck bigly. However, they are fine material for gifts.

Euro coins of the large countries are plentiful. The commemorative 2 euro coins are fairly good trading material. Coins of the smallest euro countries (e.g. Cyprus, Malta) and outlying countries (Baltic states, Finland, Ireland) do not circulate widely outside their own country, so they are good material for gifts and may trade. A few specialist series are somewhat hard to get, in particular in unc, e.g. Belgium 2008, France 2002-2003 heart and 2003-2006 horn, Luxembourg 2003-2004 sails and 2005-2006 S. If you find the right trading partner (a big if), they are easy to trade.

Spain boasts some of the finest coin street markets I know, especially in Madrid and Barcelona. There are also many coin shops, but they vary in quality. Dealers offering euro coins may be interested in non-Spanish-non-recent unc coins. In any case, you'll make friends paying a coin dealer in nice coins.

Peter

[Jostein]

Hi all, I've been planning to go to Spain for a while, and have accumulated just over 70000 pesetas in coin and note in hopes to exchange it at the Banco de Espana this spring. All of the coins are from the newest series, the only ones the bank will accept, and notes dating from the 1970 and 1992 series. I've set aside an 1992 2000 pesetas in UNC to sell online, and my collection of best-condition pesetas are kept in my collection.

Three questions:

• Are there any peseta coins or notes worth keeping to sell, either in UNC or circulated?
• Are previous series of peseta coins exchangeable?
• Does the Banco de Espana charge a fee for exchange, and are there other banks that can exchange?

Wow, what a lot of money!!

In the Banco de España offices you can change all the coins of the last series, the "small" ones: 1, 5, 10, 20, 50, 100, 200 and 500 pesetas coins:


Also, you can change any bill expressed in pesetas from 19th C. until 2001 just for its face value.

No change taxes in the BdE.

[KennyisaG]

Peter, always happy to see your responses. That's good news, the Krause catalog has very inflated prices for these coins. I just want to get rid of them and have some spending money in Spain. It feels good knowing that there is a final "end" to a coin, especially if they are plentiful. Looks like I will be spending all my 1 and 2 euro coins as well.

Jostein, very happy to hear that they do not charge any fees for exchange. Do they accept the small 1987 200 pesetas series? And do they exchange euro coins for euro notes, or will I need to visit a private bank?

Thank you so much for your responses! Hope to see more insight on any other coins that should not be withdrawn.

[andyg]

There are some tricky to find types - not especially valuable but hard to find.
10 pesetas 1994/95/96
25 pesetas 1995 without Y
50 pesetas 1994/95
200 pesetas 1993/94/95
Not sure about the 500 pesetas.