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1 Peseta Gelsa

Issuer Consejo Municipal de Gelsa
Year 1937
Type Emergency banknote
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Obverse description Letterpress-printed note in black on plain paper, enclosed within a rectangular border. The central vignette presents a rural scene of horses ploughing a field with a farmer, set against a plain ground. To the left, the emblem of the Regional Defence Council of Aragon appears as a secondary device. The denomination and issuing authority are set in bold display lettering above the vignette.
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Reverse description Letterpress-printed vignette in black on pale greenish paper, framed by an ornamental rectangular border with decorative corner rosettes. The central scene portrays a horse-drawn cable ferry on the Ebro river in the foreground, with a multi-arched road bridge spanning the river in the middle ground and a townscape visible on the far bank. A small rowing boat with figures is depicted mid-river. The denomination '1 PESETA' is set in large bold letterforms across the upper portion of the note.
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Comments

Gelsa is a small municipality in Zaragoza province, and like hundreds of Aragonese towns during 1936–37, its council issued emergency fractional currency when Republican-zone coin disappeared almost entirely from circulation — hoarded, melted, or simply absent. These locally printed notes, often called "vales" or "moneda de necessitat," were never intended to outlast the war and most didn't. Municipal issues from villages this size were produced in tiny runs and circulated in tight geographic loops, which is precisely why surviving examples are disproportionately scarce relative to the larger Catalan civic issues.

Printing by C.A.M. in Barcelona placed production firmly in Republican-controlled territory, even as the Aragón front was contested throughout 1937.

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