1 Peseta Jerez del Marquesado

Jerez del Marquesado is a small village in the Sierra Nevada foothills of Granada province, and its municipal council was among hundreds of Spanish local authorities that issued emergency fractional notes during the early months of the Civil War when the Republic's coinage vanished almost overnight from circulation — hoarded, melted, or simply disrupted by the collapse of normal commerce. These municipal emissions, collectively catalogued under the broader "Guerra Civil" notaphilic literature, were purely functional stopgaps with no central authorization and wildly inconsistent production quality.

The Gari Montaner reference places this among the rarer provincial emissions. Population of the issuing municipality was tiny, meaning print runs were almost certainly small.