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500 Francs - Jean Presidency of the European Community

Issuer Luxembourg
Year 1997
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Technique Milled
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Obverse description Left-facing effigy of Grand Duke Jean of Luxembourg (1921–2000, reigned 1964–2000), rendered in high relief against a flat field. The portrait is accompanied by a circular legend naming the subject and his title, with the denomination 500F incorporated into the inscription. Below the truncation of the neck appear the initials 'IML' (Institut Monétaire Luxembourgeois), the quality mark 'qp' (qualité proof), and the engraver's initials 'G/C' for Gastauer-Claire.
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Reverse description The reverse features the official logo of the Luxembourg Presidency of the Council of the European Union at centre, flanked by the bilingual legend naming the presidency to the left and the dates of the presidency term — VII·1997 and XII·1997 — to the right. The country name LUXEMBOURG appears below the central motif, along with the year of issue 97. The overall composition is balanced and heraldic in character, commemorating Luxembourg's tenure at the helm of the EU Council during the second half of 1997.
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Luxembourg held the presidency of the European Union Council for the first half of 1997 — one of the country's rotating six-month terms, during which Prime Minister Jean-Claude Juncker chaired negotiations at a particularly charged moment, with EU enlargement eastward actively on the agenda and the Maastricht convergence criteria squeezing member-state budgets heading toward monetary union.

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