25 Céntimos Cullera

Cullera's municipal council issued emergency fractional currency during the Civil War because the Republic's small-change shortage had become genuinely crippling by 1937 — copper and silver coinage had been hoarded, melted, or simply vanished from circulation across loyalist-held Valencia province. Hundreds of Spanish municipalities printed their own scrip that year, and most of it was repudiated or simply abandoned as Francoist forces advanced. Survival rates vary wildly by town; notes from smaller Valencian communities like Cullera tend to appear less frequently than those from major urban centers, partly due to smaller original print runs and no systematic preservation effort.