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5 New Francs Overprint on P#32 - 500 Francs

Issuer Caisse Centrale de la France d'Outre-Mer
Year 1960-1963
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Value 5 New Francs (5 FRF)
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Obverse lettering CAISSE CENTRALE DE LA FRANCE D'OUTRE-MER CONTRE-VALEUR DE 5 NOUVEAUX FRANCS MARTINIQUE CINQ CENTS FRANCS C. SERVEAU FEC. C. BELTRAND SC.
(Translation: Central Fund of Overseas France Counter-value of Five New Francs Martinique Five Hundred Francs)
Reverse description Multicolour vignette engraved by Hourriez after Serveau, centred on a rural harvest scene with two farmers guiding ox-drawn carts laden with sugarcane and tropical produce. Pineapple and banana plant motifs frame the composition on both sides, with 'MARTINIQUE' inscribed vertically on the lateral margins and horizontally in the lower corners. The penal warning legend appears in a yellow guilloche panel at the bottom centre.
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Comments

This note belongs to a pragmatic stopgap measure following France's 1960 monetary reform, when the new franc replaced the old at a rate of 100 to 1. Rather than commission entirely new plates, the Caisse Centrale simply overprinted existing 500 Francs stock — Pick 32 — with the revalued denomination. The overprint series covered multiple territories simultaneously, making individual attribution sometimes tricky without the geographic text.

Serveau's original design dated to the early postwar period. Beltrand's engraving work on the obverse was among the finer intaglio productions coming out of the Banque de France print shop during that decade.

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