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50 Centimes - Chambre de Commerce de Nancy 54

Issuer Chambre de Commerce de Nancy
Year 1915-1922
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Composition Paper
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Obverse description Printed in red on cream paper, the obverse is framed by an ornate guilloche border with scalloped inner edges and decorative corner medallions bearing the initials 'CCN'. The issuer's name 'CHAMBRE DE COMMERCE DE NANCY' is set in bold letterpress at the top, with the denomination 'CINQUANTE CENTIMES' displayed centrally within a cartouche. At the foot of the note, the municipal coat of arms of Nancy appears between the series letter, serial number, and two manuscript signature lines for the President and the Treasurer.
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Reverse description Printed in green on cream paper, the reverse carries a repeating microtext underprint of 'NANCY CHAMBRE DE COMMERCE' across the central field. Two circular guilloche vignettes bearing the numeral '0.50' flank a block of redemption text at centre. An ornate border of linked oval and lozenge motifs frames the note on all sides, with the printer's imprint appearing in small capitals along the lower margin.
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Protection description Watermark present in the paper stock; specific motif not confirmed from catalog sources.
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