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| 正面描述 | Typeset letterpress note on pale yellow card stock, with all text in black ink enclosed within a rectangular border composed of a double row of small rhombuses. The issuer's name, AYUNTAMIENTO DE VARA DE REY, is set in large bold capitals at the top, followed by a decorative rule, below which CUPÓN DE CAMBIO and the denomination 1 PESETA appear in progressively larger bold type. A serial number field (Núm.) is printed in the upper right, and a circular municipal validation stamp in violet ink is visible to the left. |
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| 背面描述 | Entirely unprinted reverse on pale yellow card stock, with no text, vignette, or ornamental elements of any kind. |
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Vara de Rey is a small Castilian municipality in the province of Cuenca, and its wartime emergency scrip belongs to a category of hyper-local fiduciary paper that proliferated across Republican Spain from 1936 onward as silver and copper coinage disappeared into hoarding and the Madrid government struggled to push emergency fractional currency into the provinces. Thousands of ayuntamientos printed their own — most on whatever card stock or paper was at hand — and the majority circulated only within the issuing village, redeemable in theory at the municipal treasury.
The Gari Montaner reference confirms authentication within the Spanish Civil War local issues corpus, where forgeries and fantasy items are a genuine collector hazard for smaller municipalities like this one.