25 Céntimos Dalías

Dalías is a small agricultural municipality in Almería, and like hundreds of similarly sized Republican councils during the Civil War, it issued its own emergency fractional currency in 1937 when metal coinage had effectively vanished from circulation. These hyper-local emissions were a direct consequence of the hoarding crisis that followed the July 1936 uprising — silver and copper disappeared almost immediately, leaving town councils to improvise.

Consejo Municipal issues from villages this small rarely survived in quantity. They circulated hard among a tight population, and few were preserved with any care once the war ended and the peseta was reimposed under Franco.