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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

CountrySpain
Years Minted1937–1938
Composition0.835 silver
Weight22.5 g
Diameter34 mm
ShapeRound
EdgeReeded

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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