1 Peseta Calella

Calella's 1937 peseta belongs to the vast emergency currency experiment that swept Republican-controlled Catalonia during the Civil War. With the central banking system fractured and small change chronically scarce, hundreds of Catalan municipalities printed their own paper money under a framework loosely authorized by the Generalitat. Calella's issue was among the more modestly produced — printed locally by Pedemonte rather than contracted to any Barcelona commercial house.

Most of these municipal notes were rendered worthless within months as Republican finances collapsed. Survivors exist largely because they were pocketed as curiosities rather than spent.