0.25 Pesetas Almiserat

Almiserat is a tiny municipality in Valencia's comarca of La Safor — population never large, administrative capacity minimal. Like hundreds of similar Valencian councils, it issued fractional emergency paper during the Spanish Civil War when Republican authorities permitted local bodies to substitute for the vanished small coinage. The 25 céntimos denomination was the workhorse of this system, filling the gap left by hoarded bronze and silver.

Federico Canet's signature as the authorizing official is the primary authentication element on notes of this type. Local production meant variable print quality across the series, and Almiserat's issue is among the more obscure Valencian municipals — Turró's cataloguing remains the definitive reference for provenance.