50 Céntimos Masquefa

Masquefa is a small municipality in the Anoia comarca of Catalonia, and like hundreds of similarly modest towns, it issued emergency fractional currency during the Civil War after metallic coin effectively vanished from circulation in mid-1936. These local vales — authorized under the Generalitat de Catalunya's framework for municipal emergency issues — were purely utilitarian stop-gaps, printed in tiny quantities for purely local use. Many never survived the war's end.

Turró catalogues this issue, but surviving examples are genuinely uncommon, as Masquefa's wartime population was small and redemption rates after 1939 were low under the Franco administration.