Spain 500 Pesetas Appraisal

Spain 500 Pesetas Coin (1991)

This is a circular cupronickel coinage specimen from Spain, dated 1991. The obverse features a dual portrait of King Juan Carlos I and Prince Felipe (Future King Felipe VI) facing right. The inscription 'JUAN CARLOS I REY DE ESPANA' arcs around the top and sides, with the date '1991' positioned at the base. The coin possesses a distinctive silver-toned metallic color and a reeded edge. Regarding its physical condition, the piece shows evidence of circulation including moderate surface scratches, light abrasions on the high points of the portraits, and a developing grayish patina within the recessed lettering. There are visible small nicks along the outer rim. The striking quality appears standard for late 20th-century mass-production currency, originating from the Royal Mint of Spain (Fábrica Nacional de Moneda y Timre). While it retains clear legibility of all characters and facial features, it lacks the original mint luster, suggesting a fine to very fine grade in numismatic terms. This specific denomination and design were notable for transitioning the monarchy's image into the modern era before the adoption of the Euro.