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25 Francs Mandat Territorial

发行方 Trésorerie Nationale
年份 4 (1796)
类型 Vouchers
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正面描述 Plain white ground within a fine roulette border, the text set in a mix of copperplate script and bold letterpress typefaces. To the lower right, a circular allegorical vignette inscribed NATIONALE shows a seated female figure in classical dress. The left panel carries the Trésorerie Nationale heading, serial number, and Vu au Contrôle notation within a ruled box, alongside two manuscript signatures.
正面铭文 Trésorerie Nationale
Vu au Contrôle
Promesse de mandat territorial
Créé par la Loi du 28. Ventôse An 4ème de la République
Bon pour vingt cinq Francs
NATIONALE
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The Mandats Territoriaux were launched in March 1796 as a forced replacement for the collapsing Assignats, theoretically backed by nationalized church and émigré lands — the same backing the Assignats had already exhausted. The exchange rate was fixed at 30 Assignats to 1 Mandat, but the public immediately distrusted them, and within weeks they were trading at a fraction of face value on the street. The entire experiment lasted barely eight months before the Directory formally demonetized the series in February 1797.

Hyperinflation had destroyed confidence so thoroughly that the Mandats depreciated faster than they could be printed. Surviving examples in any condition are common — the notes simply were not used.