Catalog
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| Issuer | Banque de France |
|---|---|
| Year | 1938 |
| Type | Standard circulation banknote |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Protection type | Watermark |
| Protection description | Watermark incorporated into the cotton paper, visible when held to light. |
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| Comments |
The 3,000 Francs was the highest denomination the Banque de France issued during the late Third Republic, and its appearance in 1938 is no accident — the French government was quietly preparing for wartime financial pressure, and large-denomination notes reduce the physical volume of cash required to conduct serious transactions. The series was short-lived; German occupation in 1940 dramatically disrupted French currency administration, and the Vichy regime's monetary arrangements with the Reichsbank effectively removed high-value notes from normal commerce.
Pick 104 is scarce in any grade. The wartime disruption meant relatively few entered prolonged circulation before being withdrawn or destroyed.