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| 正面描述 | 登录 以查看详情 |
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| 正面铭文 | ALCALDIA CONSTITUCIONAL GAYANES Vale una peseta (Translation: Constitutional Mayoralty Gayanes It`s worth One Peseta) |
| 背面描述 | 登录 以查看详情 |
| 背面铭文 | AYUNTAMIENTO CONSTITUCIONAL GAYANES (Translation: Constitutional City Council Gayanes) |
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| 防伪类型 | 登录 以查看详情 |
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Gayanes is a small municipality in the Comtat comarca of Valencia — population in the hundreds — and like dozens of similarly tiny Valencian and Catalan towns, it issued its own emergency paper money during the Spanish Civil War when the Republic's coinage supply collapsed after 1936. Copper and silver disappeared almost immediately into hoarding and melting, forcing local councils to print their own fractional substitutes. The Ayuntamiento Constitucional designation signals Republican administration.
At 62 × 43 mm, this is among the smallest circulating paper instruments ever issued under Spanish authority. Local emergency notes of this type were redeemable only within the issuing municipality, which sharply limited forgery incentive but also meant redemption collapsed the moment the town changed hands.