1 Peseta Cóbdar

Cóbdar is a village in the Sierra de los Filabres, Almería province, with a population that barely reached 500 in the 1930s. That a municipal council this small was printing its own currency in 1937 reflects the near-total collapse of small-denomination coinage during the Spanish Civil War — Republican-held towns across the southeast issued local emergency notes because centimos and pesetas in coin had vanished from circulation almost entirely, hoarded or melted down.

Papelería Lacoste was a commercial stationer in Almería city, not a security printer, and the production quality of notes from this shop varies considerably across the regional series. The Gari Montané catalogue documents relatively few surviving examples of the Cóbdar emission.