FRANCE, encased postage, CREDIT LYONNAIS 1920s


FRANCE, encased postage, no date (1920s), Obverse: 5 centimes S159, Reverse: EMPRUNT NATIONAL 6% 1920 CRÉDIT LYONNAIS “FYP” BTÉ S.G.D.G. PARIS SOUSCRIVEZ, aluminum shell, gold anodized obverse, plastic window, 33mm, flat letters, matte surface, VF

Out of stock

SKU: 9015554 Categories: ,


The problem with encased postage tokens is that they always cost more than their face value to produce. You had to figure that the value of the advertising made up for the initial loss.

France has been a hotbed of numismatic activity since Celtic times in the 3rd century BC. People making their own coins (tokens, imitations, counterfeits) was a normal activity wherever and whenever there was a coin shortage. Keeping in mind, of course, in this coinless age, that coins were THE way people did business until the 20th century. In France they were using tokens in the normal, local way we think of tokens being used, from the 15th century.