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1 Peseta Argamasilla de Calatrava

Issuer Consejo Municipal de Argamasilla de Calatrava
Year 1937
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Currency Peseta (1936-1939)
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Obverse description Printed in black on pink card stock, the obverse bears a central oval vignette with a male portrait bust, framed by a decorative cartouche surmounted by a municipal crown. The issuing authority's name is set in bold letterpress across the upper portion within a bordered panel, with series designation to the left and serial number to the right of the central vignette. Three manuscript signatures appear at the foot, attributed to El Alcalde, El Secretario Interventor, and El Depositario, with the date 'Agosto 1937' inscribed beneath the portrait.
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Reverse description The reverse is printed in black and carries a central rectangular panel stating the face value, surrounded by geometric border designs. Decorative vignettes include a sailing ship, bunches of grapes, and a rural house with a smoking chimney, elements typical of locally produced Spanish Civil War emergency currency.
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Argamasilla de Calatrava is a small municipality in Ciudad Real province, and like dozens of similarly sized towns across Republican-held Spain in 1937, its local council issued emergency small-denomination paper because the Civil War had effectively drained metallic coinage from circulation. The hoarding of coins — silver especially, but even copper — was widespread by mid-conflict, forcing municipal and commercial bodies at every level to print their own provisional currency. These local emissions had no legal status beyond their immediate community and were theoretically redeemable only while the issuing body remained functional.

The thick card stock was a practical choice: thinner paper wore out rapidly in daily transactions. Survival rates for these municipal issues vary enormously, since most were destroyed, lost, or simply discarded once the local economy stabilized or the town changed hands.

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