1 Peseta Darro

Darro is a small municipality in Granada province, and like hundreds of similar towns across Republican-held Spain, its local council issued emergency fractional notes during the Civil War to compensate for the near-total disappearance of metallic coin from circulation. The Banco de España had hoarded silver; the public followed suit. Municipal councils stepped in with whatever printing they could arrange locally, which is why these notes vary so wildly in paper quality, typography, and execution.

The Gari Mon catalogue documents over a thousand such issuers. That this one survives at all is more accident than design — most were redeemed, rejected, or simply wore out within months.