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50 Centimes - Chambre de Commerce de Bourges 1922

Issuer Chambre de Commerce de Bourges
Year 1922
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Size 80 × 58 mm
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Obverse lettering CHAMBRE DE COMMERCE DE BOURGES CINQUANTE CENTIMES LE TRÉSORIER LE PRÉSIDENT M·CM·XXII J. TARDY DEL. LITh. Vve TARDY - PIGELET ET FILS - BOURGES H. RICHY Sc.
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Protection type Watermark
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Comments

French chambres de commerce became de facto monetary authorities between 1914 and the mid-1920s, filling the void left when hoarding stripped small-denomination coinage from circulation almost overnight after mobilization. Bourges was no exception. This 50 centimes piece belongs to a long-running local emission that persisted well past the armistice, kept alive by the same shortage conditions that had created it.

The note was produced entirely in-house — Vve Tardy - Pigelet & fils was a local Bourges printing house, and the designer J. Tardy's surname is not coincidental. H. Richy handled the engraving work. JP#32-12 places it within a documented series, and the watermarked paper represents one of the few concessions to anti-counterfeiting on what was always intended as a temporary, disposable instrument.

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