50 Céntimos Belltall

Belltall is a municipality in the Conca de Barberà comarca of Catalonia with a population that has rarely exceeded a few hundred souls. In 1937, like dozens of similarly small Catalan and Spanish Republican municipalities, it issued its own fractional emergency currency after the hoarding and melting of metallic coin left daily commerce nearly paralyzed. The Republican central government had authorized local authorities to fill the gap, which produced an extraordinary proliferation of these *moneda local* issues — over a thousand distinct municipal emitters across the zone.

Turró 386 places Belltall among the rarest of these, a predictable outcome given the issuing population. Very few pieces entered wide circulation; most would have cycled within a single village economy before the war's end rendered them worthless.