1 Peseta Benigánim

Benigánim is a small town in Valencia, and like hundreds of Spanish municipalities during the Civil War, its local council stepped in to issue emergency fractional currency when Republican-zone coinage disappeared from circulation almost overnight. The copper and silver had been hoarded, melted, or requisitioned, and the central government's response was too slow for day-to-day commerce at the local level. These consejo municipal notes filled the gap.

At under six centimeters wide, these notes were produced with minimal resources — often a local printer, a rubber stamp, and whatever paper was on hand. Survival rates are low not because of heavy circulation but because nobody thought to preserve them.