1 Nouveau Franc on 50 Francs from Saint Pierre & Miquelon.  Pick # 30b with Serial Number H.30 81484. Graded 66 Exceptional Paper Quality Gem Uncirculated by PMG.  An excellent example showcasing lovely pastel colors on cream crisp paper.  The margins  are near perfect.  Embossing is seen through the third party PMG holder.  Overprint on LA REUNION # 44.  A stunning example of 5 digit serial number and 9 digit control number.

Saint Pierre & Miquelon, is an archipelago located in the North Atlantic Ocean, off the coast of Newfoundland,
Canada. It's a collectivité territoriale, an overseas collectivity of France. 


Saint Pierre and Miquelon issued their own coins with a value of 1 nouveau franc on 50 francs in 1948 due to a devaluation of the French franc after World War II. While France devalued its franc by 50%, Saint Pierre and Miquelon chose to avoid passing those costs onto the islands by issuing their own coins with a fixed exchange rate. This ensured that the local currency maintained its value relative to the French franc before the devaluation. 

A bit about the bank notes from Saint Pierre & Miquelon:

In 1943, the Caisse Centrale de la France Libre introduced notes in denominations of 5, 10, 20, 100 and 1000 francs. These were followed from 1945 by issues of the Caisse Centrale de la France d'Outre-Mer in denominations of 5, 20 and 1000 francs, followed by 10 francs in 1946, 50 francs in 1947 and 100, 500 and 5000 francs in 1950.

From 1960, notes were issued overprinted with the value in new francs. These were in denominations of 1, 2, 10, 20 and 100 new francs, overprinted on 50, 100, 500, 1000 and 5000 francs notes.

Thank you for visiting my page, the note you see is the note you get.
You also have the option of buying all 4 notes for $920 shown in picture 4 which are very competitively priced and have a wonderful collection of Saint Pierre & Miquelon notes.
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