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50 Céntimos Novelda

Issuer Novelda, Municipality of
Year 1937
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Value 50 Centimos (0.50 ESP)
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Obverse description Brown letterpress text within a wide ruled rectangular border; the municipal coat of arms of Novelda appears to the left, with a vignette of grape clusters to the right, reflecting the region's viticultural identity. Denomination, issuing authority, and date of issue are inscribed across the centre of the note.
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Reverse description Blue letterpress text within a wide ruled rectangular border; cornucopia vignettes occupy the upper corners, flanking the central denomination numeral. The design is spare and typographic in character, consistent with wartime emergency local currency production.
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Novelda is a small municipality in Alicante province, and like hundreds of Spanish towns during the Civil War, it issued its own emergency fractional currency in 1937 when Republican-zone coinage effectively vanished from circulation — hoarded, melted, or simply never minted in sufficient quantity. These local issues were authorized under a broader framework that allowed ayuntamientos to print their own vales, but quality, backing, and redemption guarantees varied wildly from town to town.

The Gari Montllor catalog remains the primary reference for Valencia region municipal issues. Survival rates for Novelda's series are uneven; lower denominations saw heavier daily use and suffered accordingly.

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