Second Republic 50 Pesetas
Spain
1937–1938
Reference data compiled from public catalogs
Estimated Melt Value
$47.39
Based on Silver spot price ($78.46/oz) · 83.5% purity · 22.5g
Updated 4:34 PM
Collector premium not included
Specifications
| Country | Spain |
| Years Minted | 1937–1938 |
| Composition | 0.835 silver |
| Weight | 22.5 g |
| Diameter | 34 mm |
| Shape | Round |
| Edge | Reeded |
Design
Obverse
Features the portrait of a woman representing the Spanish Republic.
Reverse
Depicts the denomination within a wreath and includes the year.
History & Notable Facts
The 1937 50 Pesetas coin was struck in Madrid while the city endured a brutal siege, using silver likely sourced from national reserves amid the chaos of the Civil War.
That makes it a stark artifact of desperation, not glory. The obverse features a simple portrait of a worker, symbolizing the Republic's ideals, while the reverse shows a bundle of wheat—practical designs for a time when propaganda had to be efficient.
Production numbers are murky; records from the era were often destroyed or lost in the fighting. We know the 1938 version exists but in smaller quantities, possibly due to material shortages.
As for myths, I've heard tales of these coins being paid to soldiers on the front lines. Some of that's true, but not all—let's not romanticize bullets and barricades.
The coin's silver content, at about 23 grams of .835 fineness, gives it real heft, even if it's lighter than the pre-war issues.
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