10 Sous

The Armée Catholique et Royale — the Vendéan counter-revolutionary forces — issued these emergency notes during the catastrophic crossing of the Loire in late 1793 and the brutal winter campaign that followed. This was not a functioning monetary system. It was a desperate measure by an insurgent army that controlled no mint, no treasury, and no stable territory, issuing paper backed by nothing more than the promise of a Bourbon restoration that never came.

The 1794 dating places this note in the army's final phase, by which point the main Vendéan forces had been shattered at Savenay. Survivors who held these notes had nothing to redeem them against.