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| 表面の説明 | Letterpress-printed note in red on cream paper, with a dotted geometric border framing the entire design. The issuer's title 'Consejo Municipal de SAGRA' appears in large red display type at upper right, while the denomination 'UNA PESETA' is set in bold red type at lower left, flanked by simple decorative geometric and foliate ornaments. An oval official municipal stamp in violet ink is applied at upper left, and a manuscript signature of the Alcalde appears across the lower portion of the note. |
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| 表面の銘文 | UNA PESETA Consejo Municipal de SAGRA Vale por UNA PESETA que abonará al portador la Caja Municipal de este Consejo Sagra 11 de Abril de 1937 El Alcalde ordenador de pagos, (Translation: One Peseta Municipal Council of Sagra It is worth One Peseta which will be paid to the bearer by the Municipal Fund of this Council Sagra April 11, 1937 The Mayor, payment authorizer,) |
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Sagra is a small municipality in the province of Alicante, and like hundreds of Spanish towns during the Civil War, its local council issued emergency fractional currency in 1937 to plug the near-total absence of small-denomination coinage. Republican-zone hoarding and metal requisitions had stripped everyday commerce of its working change, forcing even villages with no banking infrastructure to print their own.
The Gari Montserrat cataloguing of these municipal emissions remains the primary reference, and survivorship is genuinely uneven — some village issues are known from a single example, others turned up in bulk lots decades later, never having circulated at all.