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50 Céntimos Caravaca
| Issuer | Caravaca, Municipality of |
|---|---|
| Year | |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Paper |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | VALE POR 50 CENTIMOS EL PRESIDENTE DEL C. M. (Translation: Voucher for 50 Centimos The President of the M (Municipal) C (Council)) |
| Reverse description | Plain unprinted reverse on aged cream-toned paper, with no design elements or lettering, consistent with the utilitarian nature of Spanish Civil War-era municipal emergency issues. |
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| Comments |
Caravaca de la Cruz issued emergency fractional paper during the Spanish Civil War under the municipal guarantee schemes that proliferated across Republican-held towns after the 1936 coinage crisis drained small change from circulation almost overnight. These local emissions were produced under urgent, improvised conditions — typically on whatever paper stock was available — and were redeemable only within the issuing municipality, which made them worthless the moment front lines shifted.
Survival rates for Caravaca's fractional notes are low. Many were never redeemed at all.