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1 Franc - Syndicat Général des Commerçants and Industriels de Trouville-sur-Mer 14

Issuer Syndicat Général des Commerçants & Industriels de Trouville-sur-Mer
Year 1920
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Value 1 Franc
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Obverse lettering TICKET D'ACHAT BON POUR 1 Fr. SYNDICAT GÉNÉRAL DES COMMERÇANTS & INDUSTRIELS DE TROUVILLE-SUR-MER SIÈGE SOCIAL : MAIRIE DE TROUVILLE Le Trésorier Le Président N° 40183
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Protection description Circular watermark of the Syndicat des Commerçants visible at the upper centre of the obverse.
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Comments

Trouville-sur-Mer's merchant and industrial syndicate issued these small emergency fractional notes during the severe coin shortages that followed the First World War — a problem widespread enough across provincial France that hundreds of local chambers of commerce, syndicates, and municipalities produced their own fiduciary paper between roughly 1915 and 1927. Bredel, Grémond & Cie in Le Havre handled production for several Norman issuers during this period, which gave notes from the region a degree of consistency in print quality that locally improvised issues often lacked.

The watermark is an unusual security investment for a note of this denomination and issuer type — most comparable syndicate issues skipped it entirely.

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