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5 New Francs Overprint on 500 Francs

Issuer Caisse Centrale de la France d'Outre-Mer
Year 1960
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Printer Banque de France, France
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Obverse description Multicolour intaglio note with two women in local dress at right, a sailboat and houses in the left background, with the word GUADELOUPE printed in blue on both vertical margins. A red letterpress overprint reading CONTRE-VALEUR DE 5 NOUVEAUX FRANCS is applied at centre, converting the original 500 Francs denomination to the new franc equivalent. The engraved vignette is executed in the style of Clément Serveau, with fine guilloche work framing the central composition.
Obverse lettering CAISSE CENTRALE DE LA FRANCE D'OUTRE-MER CONTRE-VALEUR DE 5 NOUVEAUX FRANCS GUADELOUPE CINQ CENTS FRANCS C. SERVEAU FEC. C. BELTRAND SC.
(Translation: Central Fund of Overseas France Counter-value of Five New Francs Guadeloupe Five Hundred Francs)
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Comments

When France introduced the nouveau franc on 1 January 1960 — lopping two zeros off the old franc — the Caisse Centrale had to reconcile its overseas territories without waiting for entirely new print runs. The solution was mechanical: existing 500-franc Serveau notes were overprinted "5 NF" and reissued, a stopgap that placed two different denominational systems on the same piece of paper simultaneously.

Beltrand's intaglio work on the obverse was among the finer engraving produced for CCFOM issues; Hourriez handled the reverse with comparable precision. The overprint, applied by the Banque de France, sits in deliberate contrast to the craftsmanship beneath it.

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