50 Céntimos

Features

Location	Spain
Issuing institution	Ministry of Finance of Spain (Ministerio de Hacienda de España)
Period	Second Republic (1931-1939)
Type	Standard circulation banknotes
Year	1937
Value	50 Centimos (0.50 ESP)
Currency	Peseta (1868-2001)
Composition	Paper
Size	84 × 45 mm
Shape	Rectangular
Technique	Lithography
Issued	18 January 1938
Demonetized	April 1939
Number	N# 204644
References	P# 93 Standard Catalog of World Paper Money (10 volumes).

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Series: 1937-1938 Civil War "Ministry of Finance" Republic Issue

Obverse

Blue print; red underprint; black serial number.
Allegorical female portrait wearing phrygian cap facing right. Geometric designs on the perimeter and background.

Script: Latin

Lettering:
50 CÉNTIMOS
EMISIÓN 1937
REPÚBLICA ESPAÑOLA
MINISTERIO DE HACIENDA
CINCUENTA CÉNTIMOS
CERTIFICADO PROVISIONAL DE MONEDA DIVISIONARA
EL Dr. GL. DEL TESORO Y DE SEGUROS
EL INTERVENTOR GL. DE LA Admon DEL ESTADO
FCA NAL DE MONEDA Y TIMBRE

Translation:
Issue 1937
Spanish Republic
Ministry of Finance
Fifty Centimos
Provisional Certificate of Divisionary Currency
The General Director of the Treasury and Insurance
The General Comptroller of the State Administration

Reverse

Green print; red underprint.
Geometric designs and wavy lines on background.

Script: Latin

Lettering:
CINCUENTA
50 CÉNTIMOS

Translation:
Fifty
50 Centimos

Signatures

Francisco Méndez Aspe (FMA)	General Director of the Treasury and Insurance
Adolfo Sixto Hontán (ASH)	General Comptroller of the State Administration

Printer

Fábrica Nacional de Moneda y Timbre, Spain

Comments

Banknote issued by the Spanish Republic (Ministry of Finance) during the Spanish Civil War.
The smallest banknote issued in Spain. It was printed in the so-called Factory C (Aspe and Castellón), since the Mint had moved from Madrid to Levante in 1937 due to the rapid advance of the National Troops, and the fear that the Republicans would lose Madrid. Three series were issued (A, B and C) and began to circulate on January 18, 1938. On April 1, 1939, with the victory of Franco's troops, it ceased to have liberating value, like all coins and banknotes issued before the end of the war (with the exception of those put into circulation by the Government of Burgos, which continued to circulate years later).

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Date	Signatures	No. printed	G	VG	F	VF	XF	AU	UNC		Frequency
Undetermined
1937	FMA, ASH	30 000 000		$ 1.30	$ 2.20	$ 2.30	$ 2.60	$ 4.60	$ 6.90	Series A	49%
1937	FMA, ASH		$ 1.20	$ 1.50	$ 1.70	$ 2.80	$ 3.40	$ 3.40	$ 8.70	Series B; no. printed incl. above	49%
1937	FMA, ASH					$ 4.60			$ 11	Series C; no. printed incl. above	7%

Values in the table above are expressed in USD. They are based on evaluations by Numista users and sales realized on Internet platforms. They serve as an indication only; they are not intended to be relied upon for buying, selling or exchanging. Numista does not buy or sell coins or banknotes.

Frequencies show the percentage of Numista users who own each year or variety among all the users who own this banknote. Since some users own several versions, the sum may be greater than 100%.

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Members from this site want to exchange it: Lukas1948, Adron, Ignasi, antimadridista, afercot, Alexius73, AFER2, tonimbcn, VictorB, gonparper, Guango, Ppponfe, Juan1609, Numismatica Balladares, Jordi_Mir, REK, isamar, Avraham Cohen, abeilleecureuil, jomadeish, aferrergranero, Maxime03, RafaJT, Pepgrafic, mycoins.es

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This index is based on the data of Numista members collections. It ranges from 0 to 100, 0 meaning a very common coin or banknote and 100 meaning a rare coin or banknote among Numista members.

Past sales

Pictures	Sale	Date	Version	Grade	Sold price
	Katz Auction 115 Lot 2078	5 Mar 2024	Undetermined	UNC	USD 13.84 (EUR 12.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 64 Lot 2791	17 Aug 2022	Undetermined	UNC	USD 5.77 (EUR 5.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 118 Lot 1839	23 Mar 2024	Undetermined	AU	USD 9.23 (EUR 8.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 64 Lot 2792	17 Aug 2022	Undetermined	XF	USD 5.77 (EUR 5.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 189 Lot 2600	3 Apr 2026	Undetermined		Unsold
© Katz Coins Notes & Supplies Corp.
	Katz Auction 183 Lot 2552	4 Feb 2026	Undetermined		Unsold
© Katz Coins Notes & Supplies Corp.
	Katz Auction 179 Lot 3453	27 Dec 2025	Undetermined		USD 34.61 (EUR 30.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 172 Lot 1554	24 Oct 2025	Undetermined		USD 27.69 (EUR 24.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 168 Lot 1814	10 Sep 2025	Undetermined		USD 34.61 (EUR 30.00) (+ buyer's premium)
© Katz Coins Notes & Supplies Corp.
	Katz Auction 164 Lot 615	1 Aug 2025	Undetermined		Unsold
© Katz Coins Notes & Supplies Corp.