50 Céntimos Picón

Picón is a small municipality in Ciudad Real province, Castile–La Mancha, and this 50 céntimos note is one of hundreds of hyperlocal emergency issues produced by Spanish town councils during the Civil War. From late 1936 onward, the Republican zone suffered an acute shortage of small change — coins had vanished from circulation almost entirely, hoarded or melted — forcing municipal councils, unions, and even individual businesses to print their own fracciones de peseta.

The Garrido Morón reference being unassigned suggests this piece remains poorly documented in the specialist literature. Thick card stock was common for these issues; many town councils had no access to proper printing facilities and worked with whatever local materials were at hand.