50 Céntimos Cabanabona

Cabanabona is a small municipality in the Noguera comarca of Lleida, Catalunya, with a population that has rarely exceeded a few hundred. During the Spanish Civil War, the Republican-controlled Generalitat de Catalunya authorized — and in practice compelled — even the smallest municipalities to issue their own emergency fractional currency when coinage disappeared from circulation almost entirely after 1936. Hoarding, melting, and Nationalist blockades stripped the country of small change faster than any authority could replace it.

A village this size would have issued only a very limited run. Survival rates for Catalan municipal notes from this tier of issuer are low, not because of historical drama but simple arithmetic: few printed, fewer kept.