1 Peseta Palamós

During the Spanish Civil War, the Republican zone suffered an acute shortage of small-denomination coinage — silver and copper had been hoarded, melted, or simply disappeared from circulation. Hundreds of Catalan municipalities responded by issuing their own emergency paper money under authority delegated through the Generalitat de Catalunya. Palamós, a small fishing and cork-industry town on the Costa Brava, was among them.

Turró catalogues only a handful of distinct Palamós issues; this 1 pesseta piece is among the more modest local emissions in terms of surviving volume. Cork processing remained the town's primary industry through the 1930s, and the local economy that these notes were meant to lubricate was heavily tied to that trade.

Most Catalan municipal issues were rendered worthless following the Nationalist occupation in early 1939.