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50 Céntimos Gargallo

Issuer Colectividad de Gargallo
Year 1937
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Value 50 Centimos (0.50 ESP)
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Obverse description Typeset letterpress design in black on plain paper, enclosed within a double rectangular border composed of a dotted outer rule and an ornamental inner frame with scroll and volute corner ornaments. The issuer name "COLECTIVIDAD" is set in large display type across the upper centre, with "GARGALLO" in smaller capitals beneath; the denomination "50 Céntimos" appears in bold type in the lower centre field. The denomination numerals "0'50" are repeated in each corner, the mandatory-currency and redeemability clause is printed in small italic type at the foot, and "SERIE A." is centred along the bottom margin; a red oval official stamp of the Junta Local is applied to the left side of the note.
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Reverse description Reverse entirely unprinted, presenting a plain cream-coloured paper surface with no text, vignette, or ornamental device of any kind.
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Comments

Gargallo is a small municipality in the Teruel province of Aragon, and like hundreds of similarly sized towns during the Spanish Civil War, it faced a near-total collapse of small-denomination coinage in circulation. The Republican government's emergency decree authorizing local collectivities — many under anarcho-syndicalist CNT control — to issue their own fractional currency produced thousands of distinct local emissions between 1936 and 1939, the majority on whatever paper stock was available.

The Garicó Moragas reference number is unassigned, reflecting how poorly documented the Gargallo emission remains. Survival rate for these Aragonese village notes is unpredictable — some issues are known from single examples, others vanished entirely when the Nationalist advance through Aragon in spring 1938 rendered them worthless overnight.

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