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50 Centimes Régie des Chemins de Fer en Territoires Occupés

Issuer Régie des Chemins de Fer des Territoires Occupés (RCFTO)
Year 1923
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Printer Imprimerie Paul Dupont, Paris, France (1825-1985)
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Obverse description The obverse is framed by a decorative yellow and green foliate border. At centre, a circular medallion encloses the denomination numeral, set against a vignette of a Rhine riverside townscape with boats on the water and trees in the foreground. A steam locomotive vignette appears at the top of the floral frame, with bilingual legends in French and German running across the lower and lateral areas of the note.
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Reverse lettering 0fr.50 TOUTE PERSONNE QUI AURA CONTREFAIT OU FALSIFIE DES BILLETS OU FAIT USAGE DE BILLETS CONTREFAITS OU FALSIFIES SERA FRAPPEE DES PEINES EDICTEES PAR LA HAUTE COMMISSION INTERALLIEE DES TERRITOIRES RHENANS WER GUTSCHEINE NACHMACHT ODER NACHGEMACHTE IN VERKEHR BRINGT WIRD MIT DER VON DER HOHEN INTERALLIIERTEN RHEINLANDKOMMISSION VERHANGTEN STRAFEN BELEGT R. VERGNOT DEL. E. De RUAZ sculp
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Comments

The RCFTO was the Allied-administered railway authority that managed the German rail network in the occupied Rhineland following the Armistice — not a bank, not a treasury, but a transit bureaucracy that nonetheless issued its own fractional scrip because small-denomination coinage was chronically short in the occupation zone. These notes circulated among railway staff and, by necessity, spilled into general local use.

De Ruaz's engraving work is precise for a note of this size — Imprimerie Paul Dupont had a long track record with French government printing contracts, and the quality shows. Vergnot's design credit on occupation-era railway scrip is an unusual pairing of professional artistic talent with deeply mundane administrative necessity.

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