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| 正面描述 | Printed in green, the face presents a geometric guilloche border framing the entire field, with the local crowned municipal coat of arms at left set against a radiant underprint pattern. The central text block carries the full obligation legend in letterpress, identifying the issuer as the Municipal Council of Carcagente and the note's guaranteed local circulation status. The date and place of issue appear at the lower portion of the text. |
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| 正面铭文 | CARCAGENTE MONEDA LOCAL GARANTIZADA DE CIRCULACION EL CONSEJO MUNICIPAL PAGARA AL PORTADOR VEINTICINCO CENTIMOS Carcagente, Julio 1937 (Translation: Carcagente Guaranteed of circulation local money The Municipal Council will pay the bearer Twenty-five Centimos Carcagente, July 1937) |
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Carcagente — now officially Carcaixent — was one of hundreds of Spanish municipalities forced to produce their own fractional currency during the Civil War after the Republic's small-denomination coinage essentially vanished from circulation by mid-1937. Hoarding, melting, and general monetary chaos drove towns to print what they needed locally. These issues were strictly emergency instruments, valid only within the issuing locality and frequently refused even a short distance away.
Turró and Gari between them document dozens of Valencian municipal variants, and condition varies wildly — many were printed on whatever paper was available and deteriorate accordingly.