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1 Peseta Caravaca

Issuer Caravaca, Municipality of
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Currency Peseta (1936-1939)
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Obverse description Reddish-violet emergency voucher with a rectangular guilloche border composed of repeated small square ornaments running along the entire perimeter. The face value is rendered in large numerals as an underprint across the central field, surrounded by decorative background patterns. Issuing authority text and denomination legend are printed in the upper and lower registers.
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Reverse description The reverse is printed on plain paper with show-through bleed from the obverse printing visible in reddish-violet tones, including a mirror image of the central underprint and portions of the ornamental border; the reverse itself carries no intentional design or lettering.
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Comments

Caravaca de la Cruz, a town in Murcia best known as one of the five Holy Cities of Catholicism, issued its own emergency fractional currency during the Spanish Civil War — one of hundreds of municipalities that did so after the Republican government's 1936 decree authorizing local bodies to produce small-denomination notes to address the near-total disappearance of coin from circulation. These issues were locally designed, locally printed in tiny quantities, and intended for purely municipal use.

Survival rates vary wildly across the Spanish municipal series. Caravaca examples turn up infrequently, which reflects both the small print run and the disruption of the war's final phase in the region.

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