25 Céntimos Fuente-Encarroz

Fuente-Encarroz — today known as Font d'En Carròs, a small municipality in the Valencia region — was among hundreds of Spanish localities that issued their own emergency fractional currency during the Civil War after the Republic's coinage supply collapsed in 1936. The Nationalist blockade of silver and the hoarding that followed created an acute shortage of small change, forcing town councils across loyalist territory to improvise with cardboard and rubber stamps.

The Gari Monerris cataloguing of Valencia-region emergency issues documents just how granular this improvisation became — individual villages producing runs so small that survival rates are genuinely low.