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0.25 Pesetas Noalejo

Issuer Noalejo, Municipality of
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Value 25 Centimos (0.25 ESP)
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Obverse description Plain grey-blue card stock printed entirely in black letterpress, without any vignette or ornamental border. Three lines of text are arranged centrally: the issuing authority name at top, the locality name in the middle, and the denomination statement at the bottom. The rudimentary, stamp-like execution is typical of improvised Civil War-era municipal emergency issues.
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Reverse description Unprinted reverse of plain grey-blue card stock, showing the coarse fibrous texture of the thick paper used for this emergency issue. Faint bleed-through of the obverse letterpress impression is visible, along with creasing and wear consistent with circulation.
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Noalejo is a small municipality in Jaén province, Andalusia, and like hundreds of similarly sized Spanish towns it resorted to issuing its own fractional emergency scrip during the Civil War years of 1936–1939, when Republican-controlled areas faced an acute shortage of small-denomination coinage. These hyper-local emissions were never intended for circulation beyond the issuing municipality — in practice, a few streets and a market square.

Survival rates for Noalejo scrip are low simply because so little was printed and the pieces were flimsy by nature. Thick card stock was the pragmatic choice when proper banknote paper was unavailable.