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50 Céntimos Horcajo
| Issuer | Consejo Municipal de Horcajo |
|---|---|
| Year | 1937 |
| Type | Emergency banknote |
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|---|---|
| Obverse lettering | Consejo Municipal de Horcajo Vale por 50 Cts. Horcajo Septiembre de 1937. Sello Antona, Tarancón (Translation: Municipal Council of Horcajo — Voucher for 50 Centimos — Horcajo, September 1937.) |
| Reverse description | The reverse is plain unprinted paper, typical of Civil War-era Spanish municipal emergency currency (vales) issued by local councils to alleviate the scarcity of small-denomination coinage. This note was issued by the Consejo Municipal de Horcajo de Santiago (Cuenca province, Castilla–La Mancha) during the Spanish Civil War. |
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| Comments |
Horcajo de Santiago, a small Castilian municipality in Cuenca province, was among hundreds of Spanish localities that issued emergency fractional currency during the Civil War after the Republic's coin supply collapsed almost entirely in 1936–37. Hoarding, melting, and simple shortage had stripped small change from everyday commerce, and municipal councils stepped in with whatever printing resources were available — often a local press running cardstock or thin paper.
The Gari Montané reference remains unassigned, which typically means the compiler documented the issuer but lacked a confirmed specimen. Surviving examples from minor Castilian municipios at this denomination are genuinely uncommon.