25 Céntimos Carchelejo

Carchelejo is a village in the sierra north of Jaén, Andalusia, with a population that barely exceeded a few hundred during the 1930s. Like dozens of small Republican municipalities during the Civil War, the local Comisión de Abastos — a supply or rationing committee rather than a formal bank — issued fractional scrip to substitute for hoarded or evacuated coin. These emergency emissions were purely local instruments, often printed by whatever press was available in the nearest town, and rarely circulated beyond the issuing municipality's weekly market.

The extreme scarcity of surviving Carchelejo pieces is almost certainly a function of how few were ever produced, not of destruction.