0.10 Pesetas Genovés

Genovés is a small municipality in Valencia province, and like hundreds of Spanish towns during the Civil War, it issued its own fractional emergency currency in 1937 when Republican-zone coinage effectively vanished from circulation. The Republican government had authorized local entities to fill the gap, producing a chaotic proliferation of notes and cardboard tokens that varied wildly in quality and legitimacy.

Thick card stock at this size was the practical choice for coins that no longer existed. Most municipal issues from the Valencia region survive in tiny quantities — production runs were small, redemption was often incomplete, and wartime destruction did the rest.