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100 Francs Mandat Territorial
| Issuer | Trésorerie Nationale |
|---|---|
| Year | 1796 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| In circulation to | 1796 |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is essentially unprinted, displaying only the faint show-through of the obverse letterpress text visible in mirror image on the plain cream paper. A single circular embossed watermark medallion with a classical allegorical figure, identical in type to the obverse guarantee seal, is visible in the centre-right area of the sheet. |
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| Protection type | Log in to see details |
| Protection description | Circular embossed watermark medallion with a seated allegorical figure, inscribed «GARANTIE», visible in the paper. |
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| Comments |
The Mandats Territoriaux were France's second attempt at fiat paper currency after the assignats collapsed under hyperinflation. Issued from March 1796 as direct claims on nationalized church and émigré land, they were convertible at fixed rates into real property — a mechanism designed to backstop their value. It failed almost immediately. Within weeks of issue, mandats were trading at a fraction of face value; by year's end the government repudiated them entirely.
The complete series was demonetized by February 1797, meaning the window of actual circulation was under twelve months. Notes that survived were largely unspent — not because they were saved, but because no one wanted them.