The scarcity of some things usually increases their value, especially when they have a certain utility or symbolism. This is clearly observed in the field of numismatics, where old coins and those with unusual characteristics often gain significant value on the market.
A notable example is the 5 peseta coin which has recently generated a lot of excitement on the Internet due to its high value. Minted in 1957, this piece, bearing the image of Francisco Franco on the obverse, has become a highly sought-after piece by collectors around the world. Its price may fluctuate Between 25,000 and 95,000 eurosThis depends on its state of preservation and where it is sold. But what makes it so expensive?
Finding one of these coins is not easy at all
The value of this piece, of course, lies in its rarity and its historical context. It was minted during Franco’s dictatorship and represents a key period in Spain’s history. Moreover, its design and material enhance its uniqueness, which has enhanced its price in the market.
The coin was minted from copper and nickel, weighs 5.75 grams, is 23 mm in diameter and 1.5 mm thick. On its obverse appears a portrait of Franco with the inscription: “Francisco Franco Caudillo of Spain for G. of God” and the year 1957. On its reverse appears an eagle, symbol of Franco’s shield, accompanied by the coat of arms “One, big, free.” It also includes the number 5 with the abbreviation “PTAS” below, referring to the peseta.
Although this coin had a huge production at the time, the passage of years and the collection of the peseta by the Bank of Spain until 2021 has caused its circulation to decrease significantly. This has contributed to making it a collector’s item.
Coin condition, evaluation key
Despite these numbers, none of these currencies have reached these values. Experts warn that conservation status is vital to a good evaluation. For a coin to sell for such a high price, it must be in good condition.
The most valuable currencies are usually Maintaining its original color and shine, Two factors can determine the success or failure of an auction. However, after several decades, it is difficult to find a coin that meets these requirements. Over time, these things deteriorate, affecting their market value.