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50 Centimes - Chambre de Commerce de Cahors 46

Issuer Chambre de Commerce de Cahors
Year 1918
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Value 50 Centimes (0.50)
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Obverse description The obverse is printed in blue on a salmon-pink underprint bearing a repeated text guilloche pattern reading CHAMBRE DE COMMERCE DE CAHORS. The centre is occupied by an oval vignette with a view of the Pont Valentré, the medieval fortified bridge of Cahors, flanked on the left by a circular coin-style medallion inscribed 50 CENTIMES / LIBERTÉ ÉGALITÉ FRATERNITÉ with dates 1918 and 1923, and on the right by a circular vignette of the Semeuse (the sower figure of the French Republic). Two ribbon banners reading INDUSTRIE and AGRICULTURE flank the large denomination numeral 50 CENTIMES at the top, with the issuer's name CHAMBRE DE COMMERCE DE CAHORS above and the series letter and number at upper left and right respectively. Facsimile signature lines for Le Trésorier and Le Président appear at the lower left and right.
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Protection type Watermark
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Comments

French Chambers of Commerce were authorized to issue emergency small-denomination notes beginning in 1914, when wartime metal shortages made coin production effectively impossible and drove bronze and copper pieces entirely out of circulation. Cahors, the departmental capital of the Lot, issued through its Chamber of Commerce like dozens of other provincial cities — but the volume and variety of Lot-region issues make them disproportionately well-represented in French notgeld collections.

Printed by Pierre Dumont in Limoges, a firm responsible for numerous regional emergency issues during the period. The watermark security feature was applied at the paper stage, not by the printer.

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