25 Céntimos Villamayor de Santiago

Villamayor de Santiago is a small agricultural municipality in Cuenca province, and like hundreds of Spanish towns during the Civil War, its ayuntamiento issued emergency small-change tokens when Republican-zone coinage vanished almost entirely from circulation in 1936–37. Hoarding, melting, and the general collapse of confidence drained fractional metal currency so thoroughly that local councils, worker cooperatives, and shopkeepers' guilds were left to fill the gap themselves — hence the proliferation of cartón moneda across Castilla-La Mancha.

The Garrido Moraga reference number places this squarely within the documented Cuenca provincial emissions, though surviving examples are scarce enough that condition varies wildly across the handful that reach the market.