Heritage World Coin Auctions
Long Beach Signature Currency Sale 4006 6-7 Sep 2018
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France Banque de France 300 Francs ND (ca. 1938) Pick 87. The story of this design is one of the oddest situations found for Banque de France. The denomination was ordered in 1938 after diplomatic tensions between Germany and France caused a run on banks and a demand for currency, which depleted reserves of other denominations. When tensions eased temporarily, the notes were placed in reserve. After the fall of France in 1940, the notes were still held in reserve, but were eventually paid out to the Germans, who were demanding payment for occupation costs circa 1944. The notes had no legal status at the time and were finally abandoned by the Germans. The denomination was ultimately released to the general public in June, 1945, but never proved popular. It was gradually withdrawn between 1948 and 1950 and finally demonetized in 1963. PMG Choice Uncirculated 63 EPQ. HID08701242017
Estimate: 2000-2500 USD
France Banque de France 300 Francs ND (ca. 1938) Pick 87. The story of this design is one of the oddest situations found for Banque de France. The denomination was ordered in 1938 after diplomatic tensions between Germany and France caused a run on banks and a demand for currency, which depleted reserves of other denominations. When tensions eased temporarily, the notes were placed in reserve. After the fall of France in 1940, the notes were still held in reserve, but were eventually paid out to the Germans, who were demanding payment for occupation costs circa 1944. The notes had no legal status at the time and were finally abandoned by the Germans. The denomination was ultimately released to the general public in June, 1945, but never proved popular. It was gradually withdrawn between 1948 and 1950 and finally demonetized in 1963. PMG Choice Uncirculated 63 EPQ. HID08701242017
Estimate: 2000-2500 USD