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20 Cents Magnetic

Issuer French Indochina
Year 1939
Type Standard circulation coin
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Obverse description Draped bust of Marianne facing right, her hair swept back and adorned with a Phrygian cap, holding an olive branch in her left hand before her. The engraver's signature P.TURIN appears in the right field. The circular legend REPUBLIQUE FRANÇAISE runs along the upper periphery, within a rope-and-leaf border. The date 1939 is inscribed in the exergue, separated from the central design by a horizontal line.
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Reverse script Latin
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Additional information

The 1939 nickel 20 cents was produced just as Japanese pressure on French Indochina was tightening — France itself would fall to Germany within a year, leaving the colonial administration in a precarious position under Vichy authority. The magnetic property distinguishes this issue from earlier non-magnetic nickel 20-cent pieces; the shift in alloy composition reflected wartime metal supply constraints rather than any deliberate monetary policy.

Coins of this type saw relatively brief free circulation before Japanese occupation disrupted normal commerce after 1940.

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