1 Peseta Puebla de Valverde

Puebla de Valverde is a small municipality in Teruel province, and like hundreds of Spanish towns during the Civil War it faced a near-total collapse of small-denomination coinage by 1937 — hoarded, melted, or simply gone. Local cooperatives and municipal bodies across Republican-held territory stepped in as de facto issuers, producing emergency fractional notes with whatever printing resources were at hand. This piece is one of those hyper-local solutions: issued by the agricultural cooperative rather than the ayuntamiento, which was not uncommon in rural Aragon where cooperative structures were already well-organized before the war.

The Garrido Monedas reference is unassigned, suggesting this example may be poorly documented in the major catalogs — a known gap for many Teruel-province issues from this period.