25 Centimes - Chambre de Commerce du Gers [32]

French chambers of commerce were authorized to issue small-denomination emergency notes during the First World War to address a severe shortage of coin caused by hoarding and the suspension of metallic currency. The Gers département, centered on Auch in Gascony, was one of dozens of regional bodies that took up this authority between 1914 and the early 1920s. These chambre notes circulated as genuine local currency and were redeemable — in theory — at face value, though redemption periods were often shortened and late holders sometimes took losses.

The JP#15-40/44 reference spans a small range of varieties, distinguished primarily by date and serial block. Worth identifying which sub-type before pricing.