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25 Centimes

Issuer Trésorerie Générale des Finances de Monaco
Year 1920
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Currency Ancien franc (1837-1960)
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Obverse description The central vignette is dominated by a large oval cartouche bearing the denomination VINGT-CINQ CENTIMES above the numeral 25, framed by an elaborate wreath of foliage, ribbons, and two rampant supporters flanking the crowned Monegasque coat of arms at the base. The deliberation and sovereign decision dates appear in the upper corners, with two facsimile signature lines for the Ministre d'État and the Trésorier Général des Finances positioned within the oval. The outer border carries a guilloche-style frame with ornamental corner devices, and a redemption notice is printed along the lower margin.
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Reverse description The reverse presents a decorative border composed of garlands, flowers, and orange and olive branches enclosing a central medallion with a view of the Rock of Monaco. The date 1920 cuts across the upper arc of the medallion, while the numeral 25 appears at its base. The engraver's and printer's credits are inscribed in the lower margin.
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Comments

Monaco's wartime small-change crisis dragged into 1920, well after the armistice, because bronze coinage remained scarce throughout the early postwar years. These paper fractional notes were a stopgap, printed entirely in-country by a local press — Veuve A. Chêne was not a specialist banknote printer, which shows in the relatively modest production quality compared to contemporary French emergency issues printed by established security printers.

Albert Berthe's engraving credit is unusual for a note at this denomination and scale. The watermarked paper was presumably sourced externally, since Monaco had no domestic papermill capable of security stock.

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