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500 Francs

Issuer État du Grand-Duché de Luxembourg
Year 1919
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Value 500 Francs (500 LUF)
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Obverse lettering État du Grand-Duché de Luxembourg BON DE CAISSE AU PORTEUR Loi du 28 novembre 1914 - Arrêté g.-d. du 11 décembre 1918 CINQ CENTS FRANCS Le Dir.-Gén. des Finances Le Délégué du Government Ceux qui auront contrefait ou falsifié des Bons de caisse seront punis des travaux forcés de 15 à 20 ans.
(Translation: State of the Grand Duchy of Luxembourg Cash Voucher To Bearer Law of November 28, 1914 - General Decree from December 11, 1918 Five Hundred Francs The Director-Gen. of Finance / The Government Delegate Those who have counterfeited or falsified Cash Vouchers will be punished with forced labor for 15 to 20 years.)
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Reverse lettering Großherzoglich Luxemburgischer Staat Kassenschein auf den Inhaber Gesetz vom 28. November 1914 Großhz. Beschluß vom 11. Dezember 1918 Fünf Hundert Franken Die General-Staatskasse Die Kontrolle
(Translation: State of the Grand Duchy of Luxembourg Cash Voucher To Bearer Law of November 28, 1914 - General Decree from December 11, 1918 Five Hundred Francs The General State Treasury / The Controller)
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Comments

Luxembourg's postwar currency situation in 1919 was genuinely complicated. The Grand Duchy had used German marks during the occupation and needed to reestablish a functioning monetary identity before the Belgium-Luxembourg Economic Union took formal effect in 1921. This 500 Francs note belongs to that transitional window — issued by the state itself rather than a central bank, because Luxembourg had neither one nor the infrastructure to create paper money domestically on short notice.

The P#33 series is rare in any condition. Low print runs, a short effective circulation window, and the subsequent monetary union — which shifted day-to-day commerce toward Belgian franc instruments — all worked against survival. Notes returned to the treasury were routinely destroyed rather than archived.

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