Luxembourg August 1965 - 20 Francs Face Photographic Proof Transitional Design Stage (Pick Unlisted)
The note carries serial number A000000 in dual placement, consistent with internal photographic proof formatting. The portrait of Grand Duke Jean reflects a significant shift from the earlier July concept, now rendered with stronger definition and closer alignment to the final engraved interpretation. However, the portrait remains oversized relative to the final design, occupying a larger proportion of the note and compressing surrounding elements. Read more →