Obverse
Royal family depicted in circular frames within beaded circle
Lettering: JVAN CARLOS I REY DE ESPAÑA 19 91
Reverse
Center circle depicts men holding up world within beaded circle, busts of discoverers and liberators surround
Lettering: J. PONCE DE LEON M. LOPEZ DE LEGAZPI F. DE PAULA SANTAHOER F. DE MIRANDA J. J. FLORES B. O'HIGGINS H. DE SOTO V. NUNEZ DE BALBOA P. DE VALDIVIA A. S. DE SUCRE QVINTO CENTENARIO M 10000 PTAS 500
