1.5 Euro (Royal Palace of Olite) 2023 front 1.5 Euro (Royal Palace of Olite) 2023 back
1.5 Euro (Royal Palace of Olite) 2023 photo
© Real Casa de la Moneda

1.5 Euro Royal Palace of Olite

2023 year
Copper-nickel (75% copper, 25% nickel) 15 g 33 mm
Description
Issuer
Spain
King
Felipe VI (2014-date)
Type
Non-circulating coin
Year
2023
Value
1.5 Euro 1.50 EUR = USD 1.65
Currency
Euro (2002-date)
Composition
Copper-nickel (75% copper, 25% nickel)
Weight
15 g
Diameter
33 mm
Shape
Round
Technique
Milled, Coloured
Orientation
Medal alignment ↑↑
Updated
2024-10-07
References
Numista
N#383811
Rarity index
97%

Reverse

On the outside part of the the reverse (common to all the coins), allegory of the structure of the castles.

Script: Latin

Lettering:
CASTILLOS DEL MUNDO
1,5 EURO
M

Translation: Castles of the World

Edge

Plain

Comment

Royal Palace of Olite: In the early 15th century, King Charles III of Navarre, called the Noble, ordered the building of the Royal Palace of Olite on the site of an older fortress that the Visigothic King Suintila was said to have built in Ologito (Olite) in the seventh century, in turn, over an earlier Roman fortress.
The fortified palace, a unique example of a combination of the French Gothic style with Mudéjar and Aragonese Gothic, comprises a series of different buildings and structures (towers, cellars, gardens, chapels, courtyards, stables, churches, birdhouses, terraces, ice houses...), laid out like a jigsaw puzzle, giving the extensive complex a totally irregular and complex floor plan.
Those were prosperous years for Olite, which continued throughout the 15th century, particularly under the influence of Charles III’s grandson, the Prince of Viana, who assembled an elegant court within its sturdy walls and high ceilings, and endowed the palace with numerous spaces, wings of different types and exquisite ornaments in the style of French castles, as well as a zoo with such exotic species such as lions, camels, giraffes, parrots and buffaloes, among others, which fully satisfied his interest in zoology. According to a tradition that is perhaps a little exaggerated, the palace of Olite had as many rooms as there are days in the year.
The oldest part, the so-called Old Castle - which has housed a parador, a state-owned luxury hotel, since 1960 – is laid out with a square floor plan around a courtyard and has three towers (known as the Prison Tower, Chapel Tower and Stork Tower). The central part of the palace complex features several towers: the Cistern Tower, the Tower of the Three Crowns and the keep, among others, which enclose a kitchen garden and ornamental garden. And a last volume, the Tower of the Four Winds with the arbour, watchtower and turret.
This period of splendour is expressed in the diary account of a journey made by a German traveller in the mid-15th century, where the following description of the castle of Olite can be read: “...Surely there is no king with a more beautiful castle or palace and with so many gilded rooms ... it could not say or even could imagine how magnificent and sumptuous is this palace...”
After the annexation of Navarre into the crown of Castile in 1512, Olite ceased to be a royal court and residence, which caused the palace to enter into a period of decline, a situation that did not improve in the following centuries. In the 19th century, with the French invasion, it experienced its darkest period in terms of ruin, destruction, looting and vandalism. Lead spires were melted down to make bullets; cartloads of stone left the palace daily, destined for private building works.
With the acquisition of the complex in 1913 by the regional government of Navarre, a period began in which this fortified palace was brought back to life, and it was declared a National Monument shortly afterwards by order of King Alfonso XIII in 1925. An extraordinary work of reconstruction, carried out by professionals in every field, allowed the castle founded by Charles III, the Noble, in the opinion of Sarthou Carreres, to become one of the most remarkable castles in Europe, a splendid example of the civic and military architecture of the Middle Ages.

Interesting fact

The Royal Palace of Olite coin has a unique feature; it has a mintage of only 15,000, making it a rare and collectible item for numismatists.

Price

Date Mintage VG F VF XF AU UNC
2023 M 5000 - - - - - -

Values in the table are based on evaluations by sales realized on Internet platforms. They serve as an indication only for 1.5 Euro (Royal Palace of Olite) 2023 coin.