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50 Céntimos Villamayor de Santiago

Issuer Ayuntamiento de Villamayor de Santiago
Year 1937
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Value 50 Centimos (0.50 ESP)
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Obverse description Typeset letterpress note printed entirely in violet on plain paper stock. The issuer's name 'AYUNTAMIENTO DE VILLAMAYOR DE SANTIAGO' is set in bold capital letters across the upper field, above a large underprint formed by two square dot-matrix numerals '50' serving as the face value underprint. The legend 'PAGARA AL PORTADOR' and the denomination 'CINCUENTA CENTIMOS' are printed over the underprint, with the redeemability clause 'EN BILLETES DEL BANCO DE ESPANA' in smaller text below. A stamped authorization seal appears at lower left alongside the date 'JULIO 1937' at lower right.
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Reverse description Reverse is blank, showing only the plain unprinted paper surface with no text, vignette, or design elements.
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Comments

Villamayor de Santiago is a small municipality in Cuenca province, and like hundreds of similar towns across Republican-held Spain, its ayuntamiento resorted to printing fractional emergency notes in 1937 as small change effectively vanished from circulation — hoarded, melted, or simply not replaced by a central authority stretched thin by war. These local emissions were sanctioned under a Republican government decree that permitted municipal councils to issue small-denomination notes, but oversight was minimal and quality varied wildly.

The Garrido Monet census (Mon#1608-B) distinguishes at least one variant for this denomination, suggesting more than one print run or a design modification during the series.

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