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50 Céntimos Alarcón

Issuer Consejo Municipal de Alarcón
Year 1937
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Value 50 Centimos (0.50 ESP)
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Obverse description Typeset letterpress note printed in black on plain uncoated paper, framed by a simple geometric border. The coat of arms of the Spanish Republic appears to the left, with the issuing authority's name and denomination arranged in a utilitarian, unadorned layout typical of Spanish Civil War municipal emergency issues. The note carries a date of September 1937 alongside the place of issue.
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Reverse description Reverse entirely blank, bearing no printed design, text, or ornamentation, in keeping with the austere production standards characteristic of Spanish Civil War municipal emergency vouchers.
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Comments

Alarcón is a small Castilian municipality perched on a near-island formed by a bend in the Júcar river — not a place one would expect to find its own paper money. This 50 céntimos note was issued by the local municipal council during the Spanish Civil War under the Republican government's emergency authorization allowing municipalities to produce small-change substitutes. The peseta fractional coinage had effectively vanished from circulation by mid-1937, hoarded or melted, forcing hundreds of Spanish towns to print their own.

The Gari Montaner reference places it in a well-documented but genuinely vast series of Spanish local emergency issues, many of which survive in tiny quantities.

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