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Luxembourg August 1965 20 Francs face photographic proof serial A000000 showing transitional design with oversized portrait and developing layout, mounted on cardstock

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 →

LuxembourgPhotographic Proof (Face)196520 FrancsPCGS 63 Apparent Choice New (Mounted on Cardstock) Photographic ProofFace Proof20 FrancsA000000Dual Serial FormatMounted on CardstockGrand Duke JeanTransitional portrait scaleOversized portraitDeveloping layoutNear-final typographyTransitional design stagePost-concept redesignPre-final layoutBanknote design developmentHistoryLuxembourg1965Pick UnlistedPCGS 63Choice NewMuseum Grade
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