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100 Pesetas - Juan Carlos I value as "CIEN"

100 Pesetas - Juan Carlos I (value as "CIEN") -  obverse 100 Pesetas - Juan Carlos I (value as "CIEN") -  reverse

© Numista

Features

Country Spain
Type Common coin
Years 1982-1990
Value 100 Pesetas (100 ESP)
Metal Aluminium-bronze
Weight 9.25 g
Diameter 24.5 mm
Thickness 2.9 mm
Shape Round
Orientation Coin alignment ↑↓
Demonetized 28-02-2002
References KM# 826, Cal# 40, Schön# 57
Standard Catalog of World Coins
by George S. Cuhaj
(Krause Publications)
Numismática española
by Xavier Calicó
(Aureo & Calicó)
Weltmünzkatalog
by Gerhard Schön, Günter Schön
(Battenberg Gietl Verlag)

Obverse

Portrait of King Juan Carlos I looking to the left, with a legend surrounding it and the minting year underneath it.

Lettering:
JUAN CARLOS I REY DE ESPAÑA
· 1986 ·

Translation:
JUAN CARLOS I KING OF SPAIN
· 1986 ·

Engraver: Manuel Martínez

Reverse

The coat of arms of Spain, with the face value on top and below and the FNMT mintmark to its left side

Lettering:
CIEN
PLVS VLTRA
M
PESETAS

Translation:
ONE HUNDRED
FURTHER BEYOND
M
PESETAS

Engraver: Manuel Martínez

Edge

22 incuse fleurs-de-lis in a smooth field.

There are two edge varieties: fleurs-de-lis up and fleurs-de-lis down. The first step to mint these coins was pressing the edge design into the flan. Then, the blanks with their edge already pressed entered randomly between the dies, causing the two orientations of the fleurs-de-lis. It is estimated that there is a 50% of each variety.

100 Pesetas - Juan Carlos I (value as "CIEN")

© ZacUK

Comments

In order to face the problems that the previous circulating coin series presented, mainly caused by inflation and the disparity among the prices of metals and the face value of some coins, on February 9th, 1982, the Delegated Comission for Economic Affairs within the Government of Spain proposed the introduction of a new coin series in accordance with the socioeconomic context of the country. On March 14th of the same year, the Cabinet approved the proposal of the Comission, and promulgated the Royal Decree 1417/1982. That Royal Decree states that the previous 100 pesetas coin, even though essential, proved itself to be extremely unconfortable for daily transactions due to its size; and, in its Article 3.1, introduced the specifications for a new coin to replace it. This new 100 pesetas coin would consist of 88.4% copper,  5% aluminum, 5% nickel, 1% iron and 0.6% manganese.

On July 15th, 1982, the Ministry of the Treasury gave the order for the new coin to enter circulation on September 15th of that very same year. That fact that was celebrated by the FNMT with the issuance of a proof version in a special package.



The new coin, which was also known as "20 duros", immediately became wildly popular among Spaniards. So much so, that when in 1983 the FNMT workers decided to go on strike, both the Mint and the Government suddenly found themselves with a huge problem when the demand for more coins could not be met. To solve it, the production of new coins was ordered to German mints and trasported back to Spain in bags instead of rolls, as was the norm for the FNMT. They were put into circulation as soon as possible, but the distribution channels were not the usual ones. The numismatic consequence was that, while very easy to acquire in circulated condition, compared to any other year, it is relatively hard and expensive to find 1983 copies in uncirculated condition.

In 1986, the first design variant was found. Known in the Spanish catalogues as "busto pequeño" or "small head", its main giveaway is the smaller size of the hole of the six in 1986, the year of the obverse.



In 1988, a second design variant appeared, but this time, it was a "busto grande", or "big bust". In them, the legend on the obverse almost touches the rim, or in the case of the year, it directly touches it.



While maintaining the design elements of the coin, a Ministry of the Treasury order, issued on August 31st, 1990, changed the expression of the face value from letters to numbers. The reasons given for this change were the difficulty to use it by those foreign visitors unable to read Spanish, and to get in line with the de facto standard on lettering,  which uses numbers for the face value. Thus, a new type was born.

See also

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Year Mintage G VG F VF XF AU UNC
1982  117,600,000 0.23 1.13 1.46 Cal#40
1982  Proof
1983  182,000,000 1.15 0.87 Cal#41
1984  208,000,000 0.23 1.15 2.17 2.40 Cal#42
1985  118,000,000 1.15 0.75 Cal#43
1986  160,000,000 0.24 1.12 Cal#44
1986  Small Head variant
1988  Big Head variant
1988  125,674,000 1.43 1.69 Cal#45
1989  80,877,000 1.15 Cal#46
1990  25,363,000 1.12 Cal#47

Values in the table above are expressed in USD. They are based on evaluations by Numista users and sales realized on Internet platforms. They serve as a measure, but they are not intended to be relied upon for buying, selling or exchanging coins. Numista does not buy or sell coins.

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100 Pesetas - Juan Carlos I (value as "CIEN")