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| 正面描述 | Letterpress-printed note in green ink on cream paper, with a rectangular border of repeating geometric dot-and-dash ornaments forming a double perimeter frame. The issuer's name appears in bold lettering across the upper portion, with the denomination '25 céntimos' set within a dotted inner cartouche at centre. Below, a two-line authorization text citing the Managing Commission resolution of 5 September 1937 is followed by a handwritten signature of the President and a manuscript serial number at lower left. |
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| 背面描述 | Reverse is unprinted, showing plain cream paper with visible aging, soiling, and strike-through of the green obverse letterpress impression. A faint violet stamp impression is discernible toward the right side. |
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Castellote is a small hilltop town in the Maestrazgo district of Teruel, and its municipal council issued emergency paper money during the Spanish Civil War when the collapse of small-denomination coinage left local commerce effectively paralyzed. These hyper-local emissions — produced by hundreds of municipalities across Republican-held territory simultaneously — were legal for transactions only within their issuing municipality, creating a patchwork monetary system that varied town by town.
Teruel province changed hands violently during the war. The Battle of Teruel in late 1937 into 1938 was among the most brutal of the conflict, and notes from this district had exceptionally short useful lives. Survival rates for Castellote emissions are accordingly low.