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1 Franc - Chambre de commerce d'Angoulème [16]

Issuer Chambre de Commerce d'Angoulême
Year 1915
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Printer Imprimerie Keller frères, Angoulême, France
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Obverse description Yellow-orange tinted note with the chamber's coat of arms vignette at upper centre, flanked by caduceus ornaments at left and right. The issuer's name CHAMBRE DE COMMERCE D'ANGOULÊME is printed in bold letterpress across the upper field, with the denomination UN FRANC in large display type below. Two manuscript signatures of the Treasurer and President appear above the emission date of 15 January 1915, with the serial number in black at the foot of the note.
Obverse lettering 1ère série | 1ère série CHAMBRE DE COMMERCE D'ANGOULEME UN FRANC 1 | 1 IMP. KELLER FRÈRES, ANGOULÊME
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Comments

French Chambers of Commerce were authorized by the state in 1914–1915 to issue emergency small-denomination notes (monnaie de nécessité) as coins vanished from circulation almost immediately after mobilization — hoarded by a population that had stopped trusting the moment war was declared. Angoulême's chamber was among the first wave to act on that authorization.

Printed locally by Keller frères rather than a specialist securities printer, the production values are modest, though the watermark security feature is notable for a provincial emergency issue of this scale.

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