50 Céntimos Algueña

Algueña is a small municipality in the Vinalopó Mitjà comarca of Alicante province. During the Civil War, the collapse of the Republican monetary supply chain forced hundreds of tiny local governments to issue their own emergency scrip — these consejos municipales became de facto local banks by necessity, not design. Algueña's output was minuscule, and most of what circulated was redeemed, lost, or destroyed before 1939.

The Gari Montserrat reference confirms authenticity lineage, but surviving examples from villages this small are genuinely uncommon.