25 Céntimos Alhama de Murcia

One of hundreds of emergency fractional issues produced by Spanish municipalities during the Civil War, when the Republic's coinage had effectively vanished from circulation — hoarded, melted, or simply unavailable in rural areas. Alhama de Murcia, a small thermal spa town in the province of Murcia, issued its own local scrip out of necessity rather than any monetary ambition. These notes functioned within tight geographic limits and were theoretically redeemable at the local treasury.

Survival rates for issues at this denomination from small Murcian municipalities are low — not because of destruction, but because most were simply spent into oblivion on daily transactions during a chaotic two-year window.