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50 Céntimos Caudiel

Issuer Cooperativa C.N.T. Caudiel
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Composition Paper (Thick paper or card stock)
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Obverse lettering Cooperativa C. N. T. CAUDIEL Vale por 50 Céntimos
(Translation: Cooperative C. N. T. Caudiel Voucher for 50 Centimos)
Reverse description The reverse is entirely plain, showing only the unprinted pink-red card stock surface with no text, vignette, or markings of any kind.
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Comments

Caudiel is a small agricultural municipality in Castellón province, and during the Spanish Civil War its CNT-affiliated cooperative issued its own fractional currency to keep local commerce functioning after metallic coin effectively vanished from circulation. These hyper-local vales were never intended to travel beyond the village, which is precisely why survivorship is so poor — they were redeemed, lost, or simply discarded when the Republican zone collapsed in 1939.

The thick card stock construction was deliberate: easier to handle repeatedly in a market or cooperative store than thin paper, and marginally harder to counterfeit at village scale.

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