Luxembourg 1982 - 20 Francs Specimen Unissued Series (Pick 54As)
Within Luxembourg's monetary history, this specimen forms part of an emergency issue prepared in 1982 following the devaluation of the Belgian franc. Luxembourg and Belgium were linked through the Belgian-Luxembourg monetary arrangement, and the currency crisis prompted Luxembourg to prepare its own banknotes for possible use. The program progressed well beyond the design stage: proofs, finalized specimens and even signed, normally numbered notes are known. The issue was ultimately not required and was never placed into circulation, leaving the surviving material as evidence of an emergency currency program that came remarkably close to issuance. Read more →