1 Peseta Torrelles de Foix

Torrelles de Foix is a small municipality in the Alt Penedès comarca — population in the hundreds — yet like hundreds of Catalan and Spanish towns during the Civil War, its local government issued emergency fractional currency when Republican Spain's coinage supply collapsed entirely. The Generalitat de Catalunya authorized municipal issues in 1937 specifically to fill this gap, and El Secretariat Català in Barcelona handled print runs for dozens of these small councils simultaneously, which accounts for the consistent if modest production quality across the series.

Turró catalogues over 2,500 distinct municipal issues from this period. That number is the real story: not rarity by design, but rarity by attrition.