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10 Francs

Issuer Crédit Agricole et Industriel de la Broye
Year 1866
Type Standard circulation banknote
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Obverse lettering ESTAVAYER, le 1 Décembre 1866 CRÉDIT AGRICOLE ET INDUSTRIEL DE LA BROYE BON POUR DIX FRANCS 10 10 payables au porteur et à présentation Le Président de la Direction: Un administrateur: Le secrétaire Caissier: Hofer, Zürich
Reverse description The reverse shows the full bleed-through impression of the obverse printing on the plain unprinted paper, with no additional design, text, or security elements applied. The sheet is unprinted, leaving the verso entirely blank apart from the offset ghost image of the face.
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Comments

The Crédit Agricole et Industriel de la Broye was one of several cantonal and regional private credit institutions that proliferated in Fribourg and Vaud during the mid-nineteenth century, operating under Swiss federal banking arrangements before the National Bank existed. Notes of this type circulated in a narrow geographic corridor — essentially the Broye valley straddling the cantonal boundary — and were not legal tender beyond that reach.

Hofer in Zürich was a competent but minor commercial printer, not a specialist banknote house. The relative obscurity of both issuer and printer makes survivorship genuinely low.