25 Céntimos Ripoll

One of hundreds of locally issued emergency notes that flooded Catalonia and the rest of Republican Spain during the Civil War, when the hoarding of metal coinage — copper included — created an acute shortage of small change. Municipalities, trade unions, cooperatives, and even individual businesses printed their own fractional currency with whatever presses were available. Ripoll's notes were printed by its own local arts cooperative, a detail that puts production and political authority in unusually close alignment for a town of that size.

The Turró catalogue documents over 2,000 distinct Republican-era local issues; this is one of the later-numbered entries, suggesting it has not historically attracted heavy collector demand.