They no longer have any monetary value, and most of them will only pay you their weight in scrap. But a few can be worth hundreds, thousands of euros. Where to sell them?
If you have pesetas at home and you want to sell them, we are going to show you some online stores and auction portals that appraise and buy coins. Maybe you can sell some for a good price.
The peseta was the legal tender in Spain for more than a century, from October 19, 1868 to January 1, 1999, when it was exchanged for the euro.
In the last 22 years, the State has offered several extensions to exchange pesetas for euros. Although it is hard to believe, in 2020 there were still 266,051 million pesetas left unexchanged, according to the Bank of Spain. That is about 1,599 million euros.
The last extension ended on June 30, 2021. Since then, the peseta has ceased to have monetary value. But they are highly sought after. collectorswho can pay thousands of euros for them if you want to sell pesetas.
Are some pesetas really worth that much?
exist 5 peseta coins for which they pay more than 40,000 euros. Other special editions can be sold for hundreds, or thousands of euros.
They are coins that were in circulation for a very short time, or have some peculiar fault. But keep in mind that they will only pay you that money, if the coin is in perfect condition. If it is slightly worn or dirty, it can lose up to 90% of its value.
99% of the pesetas no longer have value, not even for collectors. Some limited coins, such as 2,000 pesetas, are made of silver, so Numismatic stores buy them by weight, at the price of silver. Among 400 and 500 euros per kilo.
The last solution is to sell them for scrap, although you will get a pittance. They pay them to 3.10 euros per kilo of pesetas.. You will need about 334 5-peseta coins to reach the Kilo, and you will only receive 3.10 euros for them.
Where to sell pesetas
Before resorting to the scrap dealer, the most sensible thing is that the experts review it, to see if any of it has any value.
Our colleagues from Business Insider have collected some tonline stores and auction portals that value and buy pesetas. They are the following:
- AllCollection: This buying and selling website has a section for old coins and bills where you can search for users who buy coins.
- Catawiki: is a Dutch portal that allows you to sell old Spanish coins; Its great advantage is that it has an appraisal service that will help you know if your coins are really valuable.
- Milanuncios: As is well known, you will always find a collector willing to take a look at your collection.
- eBay: It has a wide section dedicated to coin collecting.
- Forumum: This is the best-known Spanish numismatist forum; one of the best options for your online bids due to its reliability.
You will find more places on the web Coin collectorwhich updates the list frequently.
If you want sell pesetas at home that take up space and you don’t want to collect them, you just have to take some photos and put them in the online stores and auction portals that price and buy coins. You may be in for a surprise…