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1 Peseta Caudete de las Fuentes

Issuer Consejo Municipal de Caudete de las Fuentes
Year 1937
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Currency Peseta (1936-1939)
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Obverse description The obverse is printed entirely in black letterpress on plain paper stock, bearing the name of the issuing municipal council and the denomination in bold text. A ruled line is printed beneath the municipality name, serving as a simple decorative divider. The composition is entirely typographic, with no vignette or ornamental underprint.
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Reverse description The reverse carries an oval violet dry-stamp impression of the Consejo Municipal de Caudete de las Fuentes, applied as an authenticating seal. The surrounding paper is otherwise unprinted, leaving the reverse largely plain aside from this inked municipal cachet.
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Comments

Caudete de las Fuentes is a small inland municipality in Valencia province, and like hundreds of similar towns it issued its own emergency fractional currency during the Civil War after the Republic's coin supply collapsed entirely in 1936–37. These municipal vouchers — technically vales or billetes de necesidad — were authorised locally and had no validity beyond the issuing township's boundaries.

The thick card construction was deliberate: thinner paper disintegrated quickly in daily use, and municipalities learned fast. Survival rates for these micro-issues are unpredictable — some towns printed in tiny quantities, others in the thousands, and the records rarely survived the war's end.

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