France Regie des Chemins de Fer des Territoires Occupes 100 Francs ND (1923) Pick R10 PMG Gem Uncirculated 65 EPQ. A handsome note that circulated in the Rhineland region of France, and was issued due to the instability of the German Mark after World War I. A plethora of denominations were issued, culminating with this 100 Francs as the highest of the series. It is rare in any grade and quite impressive in Gem Uncirculated condition. A prized example from an often overlooked European series of notes. HID09801242017 © 2022 Heritage Auctions | All Rights Reserved

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