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France, John Law 1st Issue, Cent (100) Livres Tournois

Currency:CAD Category:Coins & Paper Money Start Price:300.00 CAD Estimated At:510.00 - 690.00 CAD
France, John Law 1st Issue, Cent (100) Livres Tournois
France, John Law 1st Issue, Cent (100) Livres Tournois, July 1st, 1720, P # A17b, condition VF/EF with some tiny holes, cut cancelled at lower left corner. John Law was Comptroller of currency for the Government of France in 1719 and 1720, until the Government of France faced a financial crisis. The result was that all French paper currency was worthless and the French economy was in shambles. John Law's idea was to replace the currency of Louisiana and French Canada with paper currency and withdraw the silver and gold from circulation.