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| Issuer | Trésor Public, République d'Haïti |
|---|---|
| Year | 1827 |
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| Value | 25 Gourdes |
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| Obverse description | Printed in dark green on light green paper, the obverse is arranged around a central cartouche enclosing a sailing vessel vignette above the inscription 'REPUBLIQUE D'HAITI', flanked on each side by an oval vignette bearing the numeral '25'. Vertical side margins carry '25 GOURDES' in letterpress, while the central panel presents the full value legend 'VINGT CINQ GOURDES' in bold type beneath a text block citing authority of the law of 16 April 1827. A small oval panel at lower left carries the warning 'LA LOI PUNIT DE MORT LA CONTREFAÇON', with the series letter and serial number appearing below the central vignette. |
|---|---|
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| Reverse description | The reverse is entirely unprinted, presenting a plain light green paper surface devoid of any text, vignettes, or ornamental elements. |
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| Comments |
Haiti's Trésor Public issued this note just two decades after independence, at a moment when the republic was hemorrhaging silver to France under the terms of the 1825 indemnity — 150 million francs demanded by Charles X in exchange for diplomatic recognition. That arrangement gutted Haiti's metallic reserves and forced a reliance on paper instruments that the Haitian public, shaped by memories of worthless colonial assignats, received with deep skepticism.
Pick 37 is among the earliest surviving Haitian paper issues, and genuine examples are extremely rare. The Trésor Public lacked a formal printing relationship with a major European security printer at this stage — production was almost certainly domestic, which accounts for the relatively crude execution compared to contemporary Caribbean colonial issues.