1 Peseta Vallibona

Vallibona is a tiny mountain village in the Maestrat region of Castellón, and like hundreds of Spanish municipalities during the Civil War, its local council issued emergency paper currency when Republican-zone coinage essentially vanished from circulation. The Generalitat de Catalunya and the central Republican government both attempted to address the coin shortage, but supply never caught up with demand, and small communities were left to improvise. These hyper-local emissions — often hand-numbered, rubber-stamped, or typed on whatever paper was available — circulated only within the issuing municipality, accepted on trust rather than any formal guarantee.

Vallibona's population during the 1930s barely exceeded a few hundred souls, which means issue quantities were almost certainly negligible. Survival rates for notes from communities this size tend to be low simply because so few were printed to begin with.