1 Peseta Luchente

Luchente — Llutxent in Valencian — was a small agricultural municipality in the Valencia region. During the early months of the Civil War, the Republican government's inability to maintain adequate small change in circulation forced hundreds of Spanish towns to print their own emergency paper money. Luchente's Consejo Municipal issued this note under that same emergency, part of a vast and chaotic ecosystem of local currency that proliferated across Republican-held territory through 1937.

The municipal stamp as the sole security feature reflects the total absence of printing infrastructure at this scale — these were civic documents pressed into service as money.