25 Centimos Alicante; replica

During the Spanish Civil War, the Republican zone suffered a near-total collapse of small-denomination coinage — hoarded, melted, or simply absent — forcing hundreds of municipalities to print their own emergency paper fractional currency. Alicante's ayuntamiento was one of many that turned to the FNMT in Madrid to produce these locally-issued pieces, an arrangement that gave them a degree of printing quality unusual for municipal emergency notes.

This is a modern replica. The originals are scarce but not rare; condition is the real variable, as wartime municipal notes from this period frequently circulated hard before the Nationalist advance ended their validity.