Spain 100 Pesetas Restrike (Fakes are possible) 1897 to 1962

These beautiful coins catalog well over $1000 US dollars and at today's gold prices are probably worth more than that. There are several twists with this coin, especially in determining the date. Please read carefully below.

First, there is the gold content. The 100 pesetas pieces contain 0.933 troy ounces of gold, alloyed to a pleasing 'red' color. The alloy does not affect the gold content or the price, but it makes a nice appearance. To find the value of gold in the coin, multiply the current spot price (available at kitco.com) by 0.933.

Say, for instance, the kitco value of gold is $1450 US dollars per troy ounce. The base gold value, or bullion gold value, (BV) of a 100 pesetas was 0.933 x $1450 = $1350. Check the price of gold today. It changes continually.

The original 1897 coins are very valuable, with catalog values along these lines:

100 PESETAS MINTED IN 1897:
worn: BV
average circulated: BV + $250 US dollars
well preserved: BV + $400
fully uncirculated: BV + $1000

Spain re-issued these coins in gold during 1961 and 1962 and dated them 1897. The specific date of issue, 1961 or 1962, appears in the tiny stars at either side of the 1897 data. Get out your magnifier! Here is what the original 1897 looks like. Modern 1961 and 1962 restrike coins have their dates in the tiny stars.

The modern restrikes are worth their gold value, as computed above, plus premiums for good condition:

100 PESETAS MINTED IN 1961 AND 1962:
worn: BV
average circulated: BV + $50 US dollars
well preserved: BV + $100
fully uncirculated: BV + $300

As with all valuable coins, you must beware of counterfeits. If you find one of these on eBay for sale at $10, it's a fake. Sad to say, you can find them for sale at $1000 and they are still fakes. Buyer beware!



There are also several gold plated variations (as best as I can tell) including proof-like coins with mirrored surfaces. The fake versions are worth essentially zero. Take your coin to a jeweler to be sure of gold content. Genuine coins weight 32.2 grams

Even if you have a genuine piece, mounting it in jewelry invariably causes damage which lowers the value to coin collectors dramatically. A genuine coin damage by jewelry mounting is only worth the value of the gold it contains.

The values on this page are catalog values. Be sure you understand what 'catalog' means. See our Important Terminology link.
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