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| 正面描述 | Plain blue-tinted paper note with all text rendered in black letterpress throughout. The issuing authority 'LA COOPERATIVA OBRERA' appears in large bold capitals at the top, followed by 'de acuerdo con el Consejo Municipal' in a smaller roman typeface. The denomination 'CINCUENTA CÉNTIMOS' is set in large bold display type at centre, with the place and date 'ORELLANA LA VIEJA, SEPTIEMBRE 1937' along the lower margin. |
|---|---|
| 正面铭文 | LA COOPERATIVA OBRERA de acuerdo con el Consejo Municipal PAGARÁ AL PORTADOR CINCUENTA CÉNTIMOS ORELLANA LA VIEJA, SEPTIEMBRE 1937 |
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Orellana la Vieja is a small municipality in Badajoz province, Extremadura — deep in the Republican zone during the early months of the Civil War. The note was almost certainly issued to address a near-total collapse of fractional coinage in circulation, a problem acute enough across Republican Spain in 1937 that hundreds of local entities — cooperatives, municipalities, unions — produced their own emergency paper. The Cooperativa Obrera (Workers' Cooperative) was precisely the kind of labor organization the wartime Republican administration tolerated as a stopgap issuer.
The Gari Montserrat reference is unresolved, which suggests this piece either wasn't catalogued from a physical example or survives in very limited numbers.