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50 Centimes - Chambre de Commerce de Montluçon-Gannat 03
| Issuer | Chambre de Commerce de Montluçon-Gannat |
|---|---|
| Year | 1918 |
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| Value | Log in to see details |
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| Composition | Paper |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | CHAMBRE DE COMMERCE DE MONTLUÇON-GANNAT DÉLIBÉRATION DU 14 OCTOBRE 1918 CINQUANTE CENTIMES Le Trésorier Le Président Série A ÉCHANGEABLE CONTRE DES BILLETS DE LA BANQUE DE FRANCE HERBIN & BOUCHÉ MONTLUÇON |
| Reverse description | Log in to see details |
| Reverse lettering | CHAMBRE DE COMMERCE DE MONTLUÇON-GANNAT 0fr50 |
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| Comments |
French wartime emergency notes issued by local Chambres de Commerce filled the vacuum left by hoarded metal coinage — by 1918, the system had become so entrenched that many of these regional issuers were producing successive series with increasingly elaborate specifications. The Montluçon-Gannat chamber served the Allier département, and having its notes printed locally by Herbin & Bouché rather than through a Parisian house was not unusual for smaller issuers working with limited wartime logistics.
The watermark security feature is worth noting on a note of this face value — half a franc warranted more protection than many issuers bothered with at the centimes level.