50 Céntimos Valenzuela de Calatrava

Valenzuela de Calatrava is a small municipality in Ciudad Real province, and like hundreds of similarly sized Spanish towns during the Civil War, its local council issued emergency fractional currency when Republican-zone coinage effectively vanished from circulation in 1936–37. The Nationalist blockade of silver and the hoarding that followed created an acute shortage of small change that the central government could not address fast enough, forcing ayuntamientos and consejos municipales to fill the gap themselves.

The Gari Mon catalogue documents well over a thousand such local emissions, many of which survive in tiny quantities. Thick card stock was a common practical choice — it lasted longer in daily handling than thinner paper, though it also made counterfeiting marginally easier with basic hand-printing equipment.