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Live auction - fco_432209 - MARTINIQUE Bon pour 1 Franc 1897

MARTINIQUE Bon pour 1 Franc 1897  AU58 PCGS
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All winning bids are subject to a 12% buyer’s fee.
Estimate : 1 100 €
Price : no bid
Maximum bid : no bid
End of the sale : 12 September 2017 18:26:19
Type : Bon pour 1 Franc
Date: 1897
Quantity minted : 300 000
Metal : nickel silver
Diameter : 26 mm
Orientation dies : 6 h.
Weight : 8,12 g.
Edge : lisse
Rarity : R1
Slab
slab PCGS
PCGS : AU58
Coments on the condition:
Exemplaire de qualité exceptionnel pour ce type, sans aucune traces d’usure et avec son brillant de frappe. La monnaie est sous coque PGS AU58
Catalogue references :

Obverse


Obverse legend : RÉPUBLIQUE * FRANÇAISE // COLONIE DE LA / MARTINIQUE.
Obverse description : buste à gauche d’une femme richement parée.

Reverse


Reverse legend : CONTRE-VALEUR DÉPOSÉE AU TRÉSOR.
Reverse description : et dans le champ au centre d’une couronne BON POUR / 1 FRANC / 1897.

Historical background


ISLAND MARTINIQUE

Originally inhabited by the Arawaks followed by the Caribbean, Martinique was discovered in 1502 by Christopher Columbus on his fourth voyage. In 1635 there was established the first colony in the name of the King of France and American Islands Company. The expansion of plantations led to the eradication of indigenous Arawaks. The mid-seventeenth century, the tobacco crisis ruin the small white planters and permanently installs an economy based on monoculture of sugar cane in the hands of wealthy planters. These in search of cheap labor turns to slavery. Between 1794 and 1802 and then between 1809 and 1814, the island was occupied by the English. In 1848, slavery was abolished. Farmers then use indenture. Competition from beet production, this single industry is in crisis in the late nineteenth century. In 1902, the eruption of Mount Pelee completely destroyed the city of Saint-Pierre making 30,000 deaths. In 1946, the island became an overseas department.

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