20 Gourdes

The Trésor Public d'Haïti was established under Jean-Pierre Boyer's administration as Haiti struggled to manage the consequences of the 1825 indemnity agreement with France — the ruinous 150-million-franc debt extracted in exchange for diplomatic recognition. Paper money issued through this period was deeply distrusted by the Haitian population, and treasury notes rarely circulated at face value for long.

Pick 21 is among the earliest documented Haitian paper issues, and surviving examples are genuinely rare. The government's printing capacity was limited, and much of what was produced was redeemed, defaced, or simply lost during the political instability of the Boyer years.