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10 centimes - Chambre de Commerce de Montluçon 03

Issuer Chambre de Commerce de Montluçon-Gannat
Year
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Value 10 Centimes (0.10)
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Obverse description Orange-tinted rectangular bon printed in dark brown on plain paper. The heading CHAMBRE DE COMMERCE is set within a dotted border frame at the top, below which the denomination BON de 10 Centimes is displayed in large letterpress numerals within a circular guilloche vignette at centre. Signature lines for Le Président and Le Trésorier appear beneath, with the issuing authority DE MONTLUÇON-GANNAT in bold across the lower portion and the printer's imprint HERBIN & BOUCHÉ - MONTLUÇON along the bottom margin.
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Protection type Watermark
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Comments

Montluçon's chamber of commerce began issuing small-denomination emergency notes — known as monnaie de nécessité — during the acute coin shortage that gripped France after 1914, as hoarding and metal requisitioning stripped fractional coinage from everyday commerce. The Gannat jurisdiction was folded into this issuing authority, making the combined Montluçon-Gannat chamber unusual among regional issuers of the Allier département. Fernand Herbin and Henri Bouché printed locally, which was common practice for these urgency pieces — Paris printers were overwhelmed and regional chambers often contracted whoever was nearest.

The watermark is the only security concession on a note this small.

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