50 Céntimos Aldea del Rey

Aldea del Rey is a small municipality in Ciudad Real province, Castilla-La Mancha. Like hundreds of Spanish towns during the Civil War, it issued its own emergency small-change notes in 1937 when Republican-zone coinage had effectively vanished from circulation — hoarded, melted, or simply absent. These local emissions, known collectively as "moneda local de necesidad," were authorized loosely by the Republican government but designed and printed at entirely local initiative, which accounts for the enormous variation in quality and materials across the series.

The Garrido Montero catalog places this piece at #98-B, implying at least one variant exists within the type — likely a difference in ink, paper batch, or handwritten serial sequence.