1 Peseta Monte López Álvarez

Monte López Álvarez is a small municipality in the province of Córdoba, Andalusia. Like hundreds of Spanish towns, it issued its own emergency paper scrip during the Civil War years when Republican-zone municipalities faced an acute shortage of small change — copper and silver coinage had essentially vanished from circulation by mid-1936, hoarded, melted, or simply gone.

The Gari reference lacks a catalog number, which typically means the compilers documented the type's existence without having examined a confirmed specimen. Surviving examples from villages of this size are genuinely rare simply because production runs were small and local redemption after the war was imperfect at best.