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1 Peseta Barcelona; La Maquinista Terrestre y Marítima

Issuer La Maquinista Terrestre y Marítima
Year 1937
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In circulation to Yes
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Obverse description Greenish-blue letterpress text and geometric guilloche underprint on uncoated paper, with a grey vignette of an old steam locomotive in the background. The face value "UNA PESETA" appears in bold lettering at centre, flanked by decorative borders. A black serial number is printed below the issuer heading.
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Reverse description Plain unprinted paper with two circular validation marks applied by hand: a blind embossed dry seal at left bearing the issuer name and a locomotive vignette, and a violet ink rubber stamp at right reading "La Maquinista Terrestre y Marítima – Consejo de Empresa – Barcelona".
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Comments

La Maquinista Terrestre y Marítima was Barcelona's largest heavy engineering firm — locomotives, boilers, warships — and by 1937 it was operating under worker control as part of the CNT-led collectivization of Catalan industry. This note was issued to pay its own workforce when the Republican monetary system had effectively broken down at street level, coins having vanished almost entirely from circulation through hoarding and wartime disruption.

Emergency factory scrip of this type is sometimes dismissed as purely local curiosity, but the dry seal and ink stamp combination here served a real anti-counterfeiting function: the stamps were applied individually, making bulk forgery impractical under wartime conditions.

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