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| 正面描述 | Typeset letterpress note printed in blue ink, with a geometric border framing the entire face. A circular ornamental vignette occupies the lower left corner. The central text block carries the issuing authority, promise-to-pay legend, denomination, place, and date in period typeface. |
|---|---|
| 正面铭文 | 50 Céntimos El Consejo Municipal PAGARÁ AL PORTADOR 50 Céntimos Villores, 12 de Mayo de 1937. VILLORES (Translation: 50 Centimos The Municipal Council Will pay the bearer 50 Centimos Villores, May 12, 1937. Villores) |
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Villores is a tiny municipality in the Castellón province of eastern Spain, and like hundreds of similarly small Republican-held towns during the Civil War, it issued its own emergency paper money when the central government's coinage effectively disappeared from circulation — hoarded, melted, or simply absent. These local emisiones de guerra were technically authorized under a 1936 Republican decree permitting municipalities to issue small-denomination scrip to keep local commerce moving.
The Gari Montfalcón census documents this issue as a single known type, suggesting a very limited print run. Survival rate for Castellón municipal notes is unpredictable — some tiny villages produced notes that turn up regularly; others are genuinely rare simply because so few were printed to begin with.