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| 正面铭文 | CONSEJO MUNICIPAL DE SAGUNTO PAPEL MONEDA 50 CENTIMOS DE CURSO LOCAL Sagunto 25 de Junio 1937 (Translation: Municipal Council of Sagunto Paper money 50 Centimos of local course Sagunto June 25, 1937) |
| 背面描述 | Printed in blue with a matching floral guilloche border at the perimeter, the reverse presents a central allegorical vignette of a seated female figure representing the Spanish Republic, leaning against a shield with a lion at her feet and flanked by standing classical male and female figures. The denomination appears in the central field in bold letterpress type. |
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Sagunto's municipal council began issuing emergency fractional paper in 1937 as Republican Spain's coin shortage became acute — silver and copper coinage had largely vanished from circulation, hoarded or melted down, and the central government's response was too slow for local commerce to wait. Hundreds of Spanish municipalities printed their own provisional notes that year, many of them crude, but they were legal for local transactions and filled a genuine gap.
The Turró and Gari catalogues both document this issue, though surviving examples from small Valencian councils like Sagunto tend to turn up infrequently outside regional collections.