25 Céntimos Pinatar

Salinera Española was the salt-works company operating at San Pedro del Pinatar on the Mar Menor coast of Murcia, and like many Spanish industrial enterprises during the Civil War, it issued its own emergency fractional currency when Republican-zone coinage evaporated almost entirely after 1936. These tiny square-format vales were workplace tokens in everything but name — intended to circulate among the salt workers and local traders who had no other means of making small change.

The Gari Monerris catalogue documents this piece as a genuine local emission, not a forgery or fantasy, though surviving examples are predictably scarce given the impermanence of the paper and the chaos of the postwar period.