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2 Pesetas Esparragosa de Lares

Issuer Cooperativa Agrícola y de Consumo de Esparragosa de Lares
Year 1937
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Value 2 Pesetas (2 ESP)
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Obverse description Plain typeset note printed in black letterpress on cream paper, with the issuer name 'Cooperativa Agrícola y de Consumo' set across the top and the face value 'VALE POR 2 PESETAS (DOS)' in bold block capitals beneath a double rule underline. A large oval red ink stamp of the cooperative, inscribed 'AGRICOLA Y DE CONSUMO – ESPARRAGOSA DE LARES (BADAJOZ)', is applied centrally over the text, with the redemption clause, place-and-date line, and three manuscript signatures for El Tesorero Contador, El Secretario, and El Presidente occupying the lower half.
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Reverse description Reverse is unprinted, left blank on plain cream paper.
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Comments

During the Spanish Civil War, hundreds of municipalities and cooperatives across Republican-held territory issued their own emergency scrip when coinage effectively vanished from circulation — hoarded, melted, or simply stopped coming from Madrid. This note from the Cooperativa Agrícola y de Consumo of Esparragosa de Lares, a small agricultural settlement in Extremadura's Badajoz province, is precisely that kind of hyper-local instrument: printed to keep the local exchange economy functioning when no official money was reaching the village.

The ink stamp served as the primary authentication device — cheap, accessible, and replaceable if a stamp were lost or copied. Extremadura was contested territory through much of 1937, which makes surviving examples from this region genuinely uncommon.

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