25 Céntimos Algueña

Algueña is a small municipality in the Vega Baja del Segura, Murcia — population in the 1930s well under a thousand. This note is a product of the Spanish Civil War's chronic small-change crisis, when Republican-controlled municipalities across the country were forced to print their own fractional currency after metal coinage vanished from circulation almost entirely by mid-1937. The Consejo Municipal — the revolutionary municipal council installed under Popular Front governance — had no printing infrastructure worth the name, which shows.

The official stamp is the only security measure, and for a village this size, it was probably enough. Counterfeiting a 25-céntimo chit redeemable only in Algueña offered limited criminal upside.