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FUN Signature Currency Sale 4035 13 Jan 2022
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France Banque de France 300 Francs ND (1938) Pick 87s Specimen PMG Extremely Fine 40. The 300 Franc note's history is somewhat unique. 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 1944-45. 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 It was gradually withdrawn between 1948 and 1950 and finally demonetized in 1963. This example has previous mounting, a SPECIMEN perforation, solid zero serial numbers and is only one of two examples registered in the PMG Population Report. https://currency.ha.com/itm/world-currency/france-banque-de-france-300-francs-nd-1938-pick-87s-specimen-pmg-extremely-fine-40/a/4035-28173.s?type=DA-DMC-CoinArchivesCurrency-WorldPaperMoney-4035-01062022 HID08706262019 © 2020 Heritage Auctions | All Rights Reserved
Estimate: 800-1200 USD
France Banque de France 300 Francs ND (1938) Pick 87s Specimen PMG Extremely Fine 40. The 300 Franc note's history is somewhat unique. 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 1944-45. 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 It was gradually withdrawn between 1948 and 1950 and finally demonetized in 1963. This example has previous mounting, a SPECIMEN perforation, solid zero serial numbers and is only one of two examples registered in the PMG Population Report. https://currency.ha.com/itm/world-currency/france-banque-de-france-300-francs-nd-1938-pick-87s-specimen-pmg-extremely-fine-40/a/4035-28173.s?type=DA-DMC-CoinArchivesCurrency-WorldPaperMoney-4035-01062022 HID08706262019 © 2020 Heritage Auctions | All Rights Reserved
Estimate: 800-1200 USD