50 Céntimos Úbeda; replica

正面描述	Black letterpress border with ornamental frame enclosing a reddish-brown vegetal underprint. Municipal authority text and denomination centred in black, with serial number and facsimile mayoral signature at lower register. FNMT replica overprint and year 2003 added beneath the original layout.
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背面描述	Beige ground with reddish-brown letterpress text occupying the central field, accompanied by a large circular municipal validation stamp in violet at left. A vertical guilloche strip in dark red with crowned 'M' watermark device runs along the right margin, bearing the FNMT imprint.
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备注	Úbeda's 2003 issue is a commemorative replica of the emergency municipal fractional currency ("billetes municipales") that Spanish town councils produced during the Civil War period, when small-denomination coinage vanished from circulation almost entirely. The Ayuntamiento de Úbeda was among hundreds of local authorities across Spain that filled the gap with locally authorized paper. The 2003 printing by the Fábrica Nacional de Moneda y Timbre — the official Spanish state press — lends it a certain institutional credibility unusual for a commemorative piece of this kind, including a watermark the originals almost certainly lacked.

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