1063144 | FRANCE. Constitution. 1792//LAN 4 AE Medallic 18 Deniers. PCGS SP62.
Paris. 21mm. 0.97gm. DIXIEME D'ARGENT . FIN. Phrygian cap atop pole; two crossed fasces with axe heads divides denomination 18 - D /
CAISSE . METALLIQUE . ETABLIE .// EN/ ECHANGE/ D'ASSIGNATS/ DE 5"/ –/ 1792. Legend noting rate of exchange with Assignat bank notes. Mazard 118.
Ex-Monnaies d'Antan, Auction 9, 12 May 2011 lot number 1117 (€650 hammer). Includes Monnaies d'Antan sales ticket.
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The Assignat notes of the French Revolution were issued from 1790 - 1796. They originated in 1789 shortly after the start of the Revolution when France was threatened with insurmountable debt, and starvation and revolt in the countryside. The assignat enabled the French Republic to survive and also provided the French peasants a means of purchasing land that they could not otherwise have acquired, taking the first steps in creating a rural middle class. (ANA).