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25 Francs

Issuer État du Grand-Duché de Luxembourg
Year 1919
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Shape Rectangular
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Reverse description Blue-green and red on light-green underprint, mirroring the obverse colour scheme. The Coat of Arms of Luxembourg is printed as a central background vignette, with a red seal at lower left. The reverse carries the equivalent German-language text, including the series designation Serie B, in accordance with Luxembourg's bilingual issue practice.
Reverse lettering Kassenschein auf den Inhaber, ausgestellt von Großherzoglich Luxemburgischer Staat Gesetz vom 28. November 1914 - Großhz. Beschluß vom 11. Dezember 1918 Fünf und zwanzig Franken Serie B
(Translation: Cash Voucher To bearer, issued by The State of the Grand Duchy of Luxembourg Law of November 28, 1914 - Grand-Ducal Decree of December 11, 1918 Twenty-Five Francs Series B)
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Comments

Luxembourg's postwar currency situation in 1919 was genuinely complicated. The Grand Duchy had used German marks throughout the occupation and needed to reassert its own monetary footing fast — these État notes were a transitional solution issued before the Luxembourg franc was formally stabilized under the 1921 economic union with Belgium. Having G&D in Leipzig print them is the awkward detail: a German firm producing the new postwar currency of a country that had just spent four years under German military occupation.

Pick 31 is scarcer than its catalog position suggests.