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500 Francs
| Issuer | Banque de Rouen |
|---|---|
| Year | 1807 |
| Type | Log in to see details |
| Value | 500 Francs |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | CAISSE D'ESCOMPTE BANQUE DE ROUEN, Etablie en mil-huit cent sept. Cinq Cents Francs ET DE COMPTES COURANTS. Administrateur en chef Caissier Membre du Conseil d'Administration ANNULÉ |
| Reverse description | Log in to see details |
| Reverse lettering | CAISSE D'ESCOMPTE BANQUE DE ROUEN ET DE COMPTES COURANTS ANNULÉ |
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| Comments |
The Banque de Rouen was one of fifteen departmental banks authorized under Napoleonic legislation before the Bank of France moved to absorb them all — a process completed by 1848. These institutions issued their own notes redeemable locally, which meant a Rouen 500 Francs note was essentially worthless outside Normandy. High-denomination departmental notes were primarily instruments of commercial credit, not retail circulation; a 500 Francs piece in 1807 represented roughly a skilled worker's annual wage.
Survival rate for early departmental French issues is extremely low. Most were redeemed and destroyed as the Bank of France consolidated its monopoly.