SPAIN 1902 50 PESETAS ☆¨VELAZQUEZ¨" PROOF" ☆ P-52s ☆ PMG-66 ☆ EPQ ☆ TOP POP ☆

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SPAIN 1902 50 PESETAS ☆ ¨VELAZQUEZ¨"PROOF" ☆ P-52s  ☆
PMG - 66 ☆ EPQ FINEST KNOWN
☆
TOP POP ☆
2 NOTES GRADED by PMG TOTAL
WITH ONLY 1 IN MS - 66 EPQ
( Exceptional Paper Quality )
MAGNIFICENT NOT, VERY RARE ☆
☆ EXCELLANTE CENTERED
☆
☆ CRISP PAPER
☆
VERY IMPRESIVE BANKNOTE
The 50 peseta bill was commissioned on
November 30, 1902 on its obverse
we can see a bust of Velázquez
The original notes
with a print run of 6,000,000.
As a watermark we see Minerva's head
and its size is 144 x 92 mm.
It was put into circulation in October
1904
and was withdrawn in 1907.
Circulated for about three years only.
THIS IS NOT A PROGRESSIVE PROOF, THIS IS A FULL "PROOF".
Progressive Proof
– A category of Proof
in which a partial intaglio or lithographic print was created in the developmental stages before completion of the final proof used for note production.
Proof
– A proof represents a preparatory stage in the design process prior to a note’s approval for production for circulation. Once the proof is approved, the plate is used for note production. A proof is a complete plate design printed on non-issued paper (typically India paper).
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