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10 New Francs Overprint on P#35 - 1000 Francs

Issuer Caisse Centrale de la France d'Outre-Mer
Year 1960-1963
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Value 10 New Francs (10 FRF)
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Obverse description Multicolor vignette centered on an Antillean fisherman at left and center, flanked on both sides by stylized butterfly motifs forming part of the decorative underprint. The margins carry repeated red 'Martinique' overprints, while a bold red letterpress overprint reading 'CONTRE-VALEUR DE 10 NOUVEAUX FRANCS' appears across the center of the note. The design retains the underlying 1000 Francs base note (P#35) with its original multicolor guilloche work.
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Reverse lettering 1000 CAISSE CENTRALE DE LA FRANCE D'OUTRE-MER Martinique MILLE FRANCS L'ART 139 DU CODE PÉNAL PUNIT DES TRAVAUX FORCES A PERPÉTUITÉ CEUX QUI AURONT CONTREFAIT OU FALSIFIÉ LES BILLETS DE BANQUE AUTORISÉES PAR LA LOI
(Translation: Central Fund of Overseas France Martinique Thousand Francs Article 139 of the Penal Code punishes with perpetual forced labor those who have counterfeited or falsified bank notes authorized by law.)
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Comments

When France redenominated its currency in 1960 — converting old francs to new francs at 100:1 — the Caisse Centrale de la France d'Outre-Mer faced the practical problem of a circulating stock of 1000-franc notes that couldn't be immediately replaced. The solution was a rubber-stamped overprint converting face value rather than a new print run, a stopgap that left the underlying 1000-franc plate design completely intact beneath the new denomination.

The overprint was applied at the Banque de France. Examples with weak, off-center, or doubled stamp impressions are not uncommon in this series — an expected byproduct of applying ink stamps to large quantities of already-issued paper.

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