France 1927 franc
This specimen is a scarce date of a series struck in France 1920-27 after World War One. It superseded a silver franc struck 1898-1920. This coin is very common in circulated condition but hard to find choice. The "Chambres de Commerce" also appeared on contemporary fifty centimes and two francs coins. Altho issued by the Paris mint, technically this type is not a coin but a token issued by the national Chamber of Commerce, not the government. This enabled the politicians to postpone acknowledging the obvious, that the inflation of World War One had reduced the value of the franc to one-fifth of its former level and there was no going back. Finally, president Poincaré officially devalued the franc and ordered the issue of new coin types. The dates 1921-25 are common, 1920 and 1927 are scarce and 1926 is rare.
Recorded mintage: 11,815,745.
Specification: 4 g, aluminum-bronze, 23 mm diameter, plain edge.
Catalog reference: F.218/9.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
- Gadoury, Victor, Monnaies Françaises, 1789-2011, 20me éd., Monaco: Éditions Victor Gadoury, 2011.
- Prieur, Michel, and Laurent Schmitt, Le Franc 10: Les Monnaies, Paris: Éditions les Chevau-légers, 2014.