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1 Peseta Miguel Esteban
| Issuer | Ayuntamiento Constitucional de Miguel Esteban (Toledo) |
|---|---|
| Year | |
| Type | Emergency banknote |
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| Composition | Log in to see details |
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| Obverse description | Plain cream card stock printed in black letterpress, entirely typographic with no pictorial vignette. The issuer name is set in bold serif type across three lines, separated from the denomination statement by a double rule; the value word "Una" appears in a larger bold font. A pink oval control stamp is applied over the face. |
|---|---|
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| Protection description | Pink oval rubber stamp applied to both obverse and reverse as a municipal validation mark; a grid of pink dots on the reverse serves as an additional control impression. |
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| Comments |
Miguel Esteban is a small agricultural municipality in the La Mancha plain of Toledo province, and its ayuntamiento — like hundreds of other Spanish town councils — issued emergency fractional paper money during the Civil War after the Republic's coinage disappeared from circulation almost immediately following the July 1936 coup. These local emissions were a purely practical response to the collapse of small-denomination metal currency, not any kind of formal monetary policy from Madrid.
The Gari Monovar catalogue reference places this among the documented Castilla-La Mancha municipals, but surviving examples from villages of this size are genuinely uncommon — production runs were small, quality control nonexistent, and most notes were redeemed or discarded once the crisis passed.