50 Céntimos Mislata

Mislata was a small municipality on the western outskirts of Valencia, and like hundreds of Republican-controlled towns during the Civil War, its local council issued fractional emergency paper — guerre de monnaie made necessary by the near-total disappearance of metallic coinage from circulation after 1936. The Consejo Municipal had no banking infrastructure behind it; these notes circulated on civic authority alone, accepted locally because there was simply nothing else to use.

Casa Farinetti was a Valencia commercial printer, not a security press. That matters for survival rates — the paper stock and ink are not archival quality, and worn or foxed examples are the rule rather than the exception.