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5 Francs Régie des Chemins de Fer en Territoires Occupés

Issuer Régie des Chemins de Fer des Territoires Occupés
Year 1923
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Currency Franc (1919-1935)
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Obverse description Central circular medallion enclosing the denomination within a finely engraved floral and foliate frame, with a steam locomotive vignette at the top centre. The surrounding border is rendered in red letterpress with an ornate interlaced pattern. A panoramic German riverside landscape forms the background underprint across the note.
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Reverse description The reverse carries a large circular denomination cartouche inscribed '5 fr.' at left, set against a finely engraved intaglio vignette of a reclining river-god figure holding a bunch of grapes, positioned before a panoramic view of a Rhenish city seen across a broad river with steamboats. The composition is framed by the same ornate red letterpress border as the obverse, with bilingual anti-counterfeiting text in French and German occupying the upper portion. The engraver's and designer's credits appear in the lower margins.
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Comments

The Régie des Chemins de Fer des Territoires Occupés was a French military railway administration that managed the German rail network in the Rhineland following the Armistice — an occupation that dragged on through the 1920s, requiring its own parallel monetary apparatus to pay local workers and suppliers without relying on either French francs or the collapsing German mark. These scrip notes filled that gap.

Vergnot's design was engraved by de Ruaz, both working within the Imprimerie Paul Dupont's established intaglio tradition. The P#R6 series is genuinely uncommon in circulated grades — most survivors show little wear, which likely reflects the narrow and controlled environment in which these notes actually changed hands.

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