25 Céntimos Fuente la Higuera

Fuente la Higuera is a small municipality in Valencia province, and this 25 céntimos note belongs to the vast wave of locally-issued emergency fractional currency — billetes de necesidad — that flooded Republican-held Spain after the Civil War disrupted coin circulation. By 1937, hoarding and metal shortages had made small change functionally nonexistent across the country, forcing hundreds of municipalities to print their own.

The Turró and Garicatalogues both list this piece, which at least confirms it was documented rather than quietly suppressed — some municipal emissions were officially disavowed by Republican authorities who found the proliferation administratively embarrassing.