0.50 Peseta Argamasilla de Calatrava

Argamasilla de Calatrava is a small municipality in Ciudad Real province, and like hundreds of similar towns across Republican Spain, its municipal council issued fractional emergency notes — vales or billetes locales — during the Civil War years of 1936–1939 to compensate for the near-total disappearance of small coin from circulation. The hoarding of metallic currency was immediate and widespread once the conflict began, leaving local economies without any practical means of making change.

Catalog coverage for this specific issue remains incomplete — Gari's numbering is unassigned — suggesting documentation was never fully established, likely due to extreme rarity or the survival of only one or two specimens.