Heritage Offers Cid-Pulido Collection of Spanish Banknotes in FUN Auction
Cid-Pulido Collection of Spanish Banknotes, an outstanding accumulation of banknotes from
Spain, spiced with a smattering of notes from Spanish colonies.
This collection is scheduled to go to live auction at 11 AM CT at Currency.HA.com.
One of the outstanding notes in this collection is the
PCGS Currency. The history of the currency of Spain was heavily impacted by the
Spanish Civil War, which lasted from 1936 to 1939. War often results in inflation, with some studies pointing to a doubling of wholesale prices for commodities between July 1936 and March 1937. New, larger denominated banknotes were necessary to accommodate the reduced purchasing power of the Peseta. A new issue for 1938 was proposed, including this first-ever 5,000 Peseta denominated note. In January of 1939, Nationalists captured