1 Fanon - Louis XV Pondichery - variété 9 globules

The Compagnie des Indes struck fanons at Pondicherry for local trade use, and the globule varieties within this series reflect successive die adjustments made on-site rather than directives from Paris — a practical response to the demands of Indian commerce, where weight and local visual conventions carried more transactional weight than French royal authority. The nine-globule variety is among the more elusive of the documented die types, distinguished in the Lecompte classification but still imperfectly understood in terms of relative mintage.

The Compagnie lost its trade monopoly in 1769, and much of its colonial coinage was subsequently melted or displaced by later issues.