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1881 Spanish 20 Reales: History, Rarity, and Value The 1881 Spanish 20 Reales is more than a piece of silver. It is a witness to a nation rebuilding itself. Struck during the reign of King Alfonso XII, this coin comes from a critical moment in Spanish history. Spain had just emerged from revolution, republic, and civil conflict. The monarchy was restored, but no longer absolute. A constitutional system was taking shape, and the country was struggling to modernize its economy and currency. This coin was minted during the final years of the real monetary system, just as Spain transitioned toward the peseta. It represents the end of centuries of Spanish silver dominance and the beginning of a new financial order aligned with modern Europe. In this documentary, we explore: The political chaos that shaped late 19th-century Spain The rise of Alfonso XII and the return of constitutional monarchy The collapse of the reales system and the birth of the peseta The symbolism hidden in the coin’s design Why high-grade examples are far rarer than mintage numbers suggest Current market values and collector demand From worn circulation pieces to beautifully preserved survivors, the 1881 Spanish 20 Reales tells a quiet but powerful story of trust, reform, and survival. Whether you’re a coin collector, a history enthusiast, or simply curious about how money reflects the world that created it, this film reveals why one modest silver coin still matters today.