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1 Franc - Chambres de Commerce de Granville et Cherbourg

Issuer Chambres de Commerce de Granville et de Cherbourg
Year 1921
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Currency Franc (1795-1959)
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Reverse description Blue letterpress reverse centred on a panoramic vignette of Mont-Saint-Michel seen from the causeway, with figures in the foreground and the abbey rising above the rocky tidal island, all enclosed within a decorative guilloche border with ornamental corner pieces and wheat-ear motifs. Denomination medallions bearing '1 fr.' occupy the upper left and right corners, while the dates '1921' and '1925' are inscribed in rectangular frames at mid-left and mid-right respectively. A text panel at the foot carries the redemption notice directing holders to present the note at the Banque de France branches in Granville or Cherbourg before 6 February 1925.
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Protection type Watermark
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Comments

After the First World War, the Banque de France struggled to supply small-denomination coinage in sufficient volume, and hundreds of local chambers of commerce across France stepped in to fill the gap with emergency paper issues. The joint emission from Granville and Cherbourg — two Norman ports with distinct commercial identities — was unusual; most chambers issued independently, and the administrative cooperation required to produce shared notes reflects the particular pressure on the Manche département.

Arnaud's Lyon workshop printed the bulk of France's chambre de commerce emergency series, and the watermarked stock was a deliberate hedge against counterfeiting at a time when these small notes circulated as freely as coin.

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