5 Pesetas Silver Certificate

Features

Issuer	Spain
Issuing entity	Bank of Spain (Banco de España)
Period	Second Republic (1931-1939)
Type	Standard circulation banknotes
Year	1935
Value	5 Pesetas (5 ESP)
Currency	Peseta (1868-2001)
Composition	Paper
Size	89 × 50 mm
Shape	Rectangular
Technique	Intaglio, Lithography
Issued	17 October 1936
Demonetized	Yes
Number	N# 204654
References	P# 85 Standard Catalog of World Paper Money (10 volumes).

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Series: 1935 "Silver Certificates" Issue

Obverse

Green print; multicolor underprint; black serial number.
Front-facing allegorical female bust to the left. Geometric designs.

Script: Latin

Lettering:
5
BANCO DE ESPAÑA
CERTIFICADO DE PLATA
CINCO PESETAS DE CURSO LEGAL
EMISIÓN 1935
EL GOBERNADOR. EL INTERVENTOR. EL CAJERO
BRADBURY, WILKINSON & CO. LD. INGLATERRA.

Translation:
Bank of Spain
Silver Certificate
Five Pesetas Legal Tender
Issue 1935
The Governor. The Comptroller. The Cashier

Reverse

Violet print.
Geometric and floral designs.

Script: Latin

Lettering:
BANCO DE ESPAÑA
5 PESETAS

Translation:
Bank of Spain
5 Pesetas

Signatures

Alfredo de Zavala y Lafora (AZL)	Governor
Adolfo Castaño Orejón (ACO)	Comptroller
Joaquín Serrano Montero (JSM)	Cashier

Printer

Bradbury Wilkinson and Company, United Kingdom (1856-1990)

Comments

Without series and from Serie A to D
NOTE: They were printed but never issued from series E to L, except series I.

Silver Certificate Banknotes: Due to the loss of purchasing power of the peseta, together with the increase in the price of silver, there was a fear that the 5 Pesetas coins (the silver "duros") would disappear from circulation to be sold as metal.
The Government of the Republic considered the manufacture of 5 and 10 Peseta notes to replace the 5 Peseta coins, after withdrawing them from circulation. The General Council of the Bank opposed this due to their nature as compulsory circulation paper money, since they were not backed by any metal cover.
On June 18, 1935, an agreement was reached with the Public Treasury by which it was determined that these would not be notes issued by the Bank of Spain, but rather "Certified" notes that would replace the coins minted by the State, which would cover the manufacturing costs, although it would be the Bank that would be in charge of the paperwork. Since they were certificates, they had to be backed by a silver deposit in the Bank's vaults, in an amount at least equal to that of the banknotes issued.
In this case, one of the resolutions of the Decree of 23 July 1931 on the appearance of allegories of the Republic was finally adopted; something that had not been fulfilled in previous issues. They were put into circulation on 17 October 1936, when the Spanish Civil War had already begun.
Like the rest of the banknotes issued during the war on the Republican side, they were withdrawn from circulation on 1 April 1939.

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Date	Signatures	VG	F	VF	XF	AU	UNC	References		Frequency
Undetermined
1935	AZL, ACO, JSM	$ 1.20	$ 1.80	$ 5.80			$ 13	P# 85a.1 Standard Catalog of World Paper Money (10 volumes).	Without series	20%
1935	AZL, ACO, JSM	$ 2.20	$ 2.20	$ 2.30	$ 3.50			P# 85a.2 Standard Catalog of World Paper Money (10 volumes).	Series A	18%
1935	AZL, ACO, JSM	$ 1.30	$ 2.30	$ 3.60	$ 3.60	$ 6.10	$ 10	P# 85a.2 Standard Catalog of World Paper Money (10 volumes).	Series B	25%
1935	AZL, ACO, JSM		$ 2.20	$ 2.20	$ 4.10	$ 6.00	$ 6.30	P# 85a.2 Standard Catalog of World Paper Money (10 volumes).	Series C	31%
1935	AZL, ACO, JSM		$ 2.50	$ 3.20	$ 3.20	$ 5.50	$ 7.00	P# 85a.2 Standard Catalog of World Paper Money (10 volumes).	Series D	25%
1935	AZL, ACO, JSM							P# 85a.2 Standard Catalog of World Paper Money (10 volumes).	Series E	0%
1935	AZL, ACO, JSM							P# 85a.2 Standard Catalog of World Paper Money (10 volumes).	Series F	0.3%
1935	AZL, ACO, JSM						$ 15	P# 85a.2 Standard Catalog of World Paper Money (10 volumes).	Series G	1.1%
1935	AZL, ACO, JSM							P# 85a.2 Standard Catalog of World Paper Money (10 volumes).	Series H	0%
1935	AZL, ACO, JSM							P# 85a.2 Standard Catalog of World Paper Money (10 volumes).	Series J	1.1%
1935	AZL, ACO, JSM							P# 85a.2 Standard Catalog of World Paper Money (10 volumes).	Series K	0.3%
1935	AZL, ACO, JSM							P# 85a.2 Standard Catalog of World Paper Money (10 volumes).	Series L	0%
1935	AZL, ACO, JSM							P# 85s Standard Catalog of World Paper Money (10 volumes).	Specimen.	0.10%

Values in the table above are expressed in USD. They are based on evaluations by Numista users and sales realized on Internet platforms. They serve as an indication only; they are not intended to be relied upon for buying, selling or exchanging. Numista does not buy or sell coins or banknotes.

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Examples of the type

Picture 1 of the example of 5 Pesetas (Silver Certificate)

Picture 2 of the example of 5 Pesetas (Silver Certificate)

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Past sales

Pictures	Sale	Date	Version	Grade	Sold price
	Katz Auction 132 Lot 2041	17 Jul 2024	Undetermined	UNC	Unsold
© Katz Coins Notes & Supplies Corp.
	Katz Auction 132 Lot 2040	17 Jul 2024	Undetermined	UNC	Unsold
© Katz Coins Notes & Supplies Corp.
	Katz Auction 118 Lot 1833	23 Mar 2024	Undetermined	UNC	USD 5.80 (EUR 5.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 115 Lot 2076	5 Mar 2024	Undetermined	UNC	USD 16.25 (EUR 14.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 68 Lot 2411	8 Oct 2022	Undetermined	UNC	USD 13.93 (EUR 12.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 64 Lot 2787	17 Aug 2022	Undetermined	UNC	USD 10.45 (EUR 9.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 179 Lot 3451	27 Dec 2025	Undetermined		USD 45.27 (EUR 39.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 179 Lot 3450	27 Dec 2025	Undetermined		USD 18.57 (EUR 16.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 172 Lot 1552	24 Oct 2025	Undetermined		USD 46.43 (EUR 40.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 170 Lot 1797	23 Sep 2025	Undetermined		Unsold
© Katz Coins Notes & Supplies Corp.