Catalog
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| Issuer | Belgium |
|---|---|
| Year | 1938 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Diameter | Log in to see details |
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| Shape | Round with a round hole (Center hole 3.5 mm) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
| Obverse lettering | 1938 |
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| Additional information |
Belgium's 1938 coinage was produced in the shadow of a rearmament debate consuming the government — Leopold III had pivoted sharply toward neutrality that same year, publicly abandoning the Franco-Belgian military alliance in a policy shift that isolated Belgium diplomatically just as German pressure on its eastern neighbors intensified. The nickel brass alloy used here was itself a wartime hedge; Belgium had been quietly reformulating subsidiary coinage compositions through the mid-1930s to reduce dependence on imported metals.