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1 Peseta Madrid
| Issuer | Spain |
|---|---|
| Year | 1937 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
| Weight | 0.5 g |
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| Obverse description | Within a circular border, the face bears the denomination '1.- Pta' in the central field, flanked above by the arc legend 'REPUBLICA' and below by 'ESPAÑOLA' in bold Latin capitals. The inscription 'MADRID 1937 PROVISIONAL' appears beneath the denomination, identifying the emergency issuing authority, location, and date. The overall design is typographic in character, printed on cardboard as a provisional wartime fiduciary token. |
|---|---|
| Obverse script | Log in to see details |
| Obverse lettering | REPUBLICA ESPAÑOLA 1.- Pta MADRID 1937 PROVISIONAL |
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| Additional information |
Issued by the Spanish Republic during the Civil War, these cardboard discs emerged from a catastrophic coin shortage caused by hoarding — silver had vanished from circulation almost entirely by 1937, and the Nationalist blockade compounded supply problems for the Republican zone. The Consejo Municipal de Madrid produced them as emergency fractional currency while the city was under siege, a siege that had begun in November 1936 and would last until the Republic's final collapse in 1939.
Cardboard currency of this type degraded rapidly in handling, which is why undamaged examples are genuinely scarce today.