Monaco 25 Centimes, 1920 P-2

PRINCIPAUTÉ DE MONACO Délibération du 16 mars 1920 Décision souveraine du 20 mars 1920 VINGT-CINQ CENTIMES 25 Le Ministre d’Etat R. le Bourdon Le Trésorier Général des Finances A.Noghès NON REM - BOURSABLE

Frame decorated with olive branches. Shield with a caduceus on the left. Coat of arms of the Principality cutting a crown in the center. Shield with an anchor on the right. In the center value in letters, numbers and signatures.

PRINCIPAUTÉ DE MONACO 1920 ESSAI 25 Albert Berthe, graveur Imprimerie V.ve A. Chêne, Monaco

Frame decorated with garlands, flowers, orange and olive branches. In the center, a view of the Monaco Rock, and above, an ESSAI in red, in a decorated medallion cut at the top by the date and at the bottom by the value.