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1960 French New Franc

OBVERSE
no pic
REVERSE
no pic
ITEM NOTES
GENERAL
Type: French New Franc
Origin: France Cat. Num.: KM# 925.1
Era / Ruler: Reform Coinage Face Value: 1 Franc
Issued from: 1960 Issued until: 2001
Alignment: Coin C Desgr. / Engr.:
Obverse: Figure sowing seeds
Reverse: Leafy branch divides date and denomination
ISSUE
Year: 1960
Mint: Paris
Mintage: 406,375,000
Scarcity:
0/100
 
Valuation:
0/100
 
Notes:
Grades & Prices available: ?
-> (AU)
$0.50
-> (UNC)   Sold
 
Free Price Guide Offer
SPECIFICATIONS
Composition: Nickel
Fineness: N/A
Weight(g): 6.0000g
Weight(Oz): 0.19 Oz
Net Content: N/A
Bullion Value: N/A
Diameter: 24.00mm
Thickness:
DESCRIPTION

In January 1960 the French franc was revalued at 100 existing francs. Old one and two franc pieces continued to circulate as centimes (no new centimes were minted for the first two years), 100 of them making a nouveau franc (the abbreviation NF was used on banknotes for some time). Inflation continued to erode the currency's value, but much more slowly than those of other countries. The one-centime coin never circulated widely. Only one further major devaluation occurred (in August 1969) before the Bretton Woods system was replaced by free-floating exchange rates. Nonetheless, when the Euro replaced the franc on January 1, 1999, the franc was worth less than an eighth of its original 1960 value.

The old franc pieces were gradually withdrawn. They ceased to be legal tender in January 2002, upon the official adoption of the euro.

PRICE RANGE ?
YearMintageGFVFEFAUUNCBUPROOF
1960406,375,000$0.10$0.15$0.25$0.30$0.45$0.60
SIMILAR ITEMS IN STOCK
France
1961 1 Franc
1 Franc

1961
(VF)

 
$0.25
France
1991 1 Franc
1 Franc

1991
(EF)

 
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1975 1 Franc
1 Franc

1975
(VF+)

 
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France
1976 1 Franc
1 Franc

1976
(VF+)

 
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1978 1 Franc
1 Franc

1978
(VF+)

 
$0.25

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