0.50 Pesetas Rotglá-Corberá

Rotglá i Corbera is a small municipality in Valencia — population in the hundreds even today — and like hundreds of similarly minute Spanish localities, it issued its own emergency fractional currency during the Civil War when Republican-zone coins vanished almost entirely from circulation. The Consell Municipal printed these notes to cover the gap left by hoarded and melted coinage, not as any formal banking operation.

The thick card stock was a practical choice: small notes on thin paper disintegrated fast in daily use. Most of these hyper-local vales have survived only in collector hands, having been rendered worthless when the peseta was consolidated under Franco.