50 Céntimos Gargallo

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.