1 Peseta Pineda; Colectivizaciones C. N. T.

During the Spanish Civil War, the anarcho-syndicalist CNT collectivized hundreds of local economies across Catalonia, and many of these collectives issued their own paper scrip when Republican-zone coinage effectively vanished from circulation. This note from Pineda — a small coastal municipality north of Barcelona — was printed locally by Gràfiques Calella, a commercial print shop pressed into monetary service out of practical necessity rather than any formal monetary authority.

Survival rates for these municipal and collective issues are uneven. Notes that saw heavy local use rarely made it out of the war intact; the political suppression that followed 1939 gave holders little reason to preserve them.