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100 Francs Bon de Caisse

Issuer Grand-Duché de Luxembourg (Administration des Finances)
Year 1927
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Reference(s) P#36
Obverse description Brown and green intaglio print. Portrait of Grand Duchess Charlotte at left, with a shield vignette at right. The face value and issuing authority inscriptions appear within a guilloche underprint, with a penal warning clause against counterfeiting printed across the lower portion of the note.
Obverse lettering LUXEMBOURG BON DE CAISSE Cent Francs Le Directeur General des Finances La Recette General CEUX QUI CONTREFAIT OU FALSIFIÉ LES BONS DE CAISSE SERONT PUNIS DE TRAVAUX FORCÉS DE 15 À 20 ANS.
(Translation: Luxembourg Cash Voucher One Hundred Francs The General Director of Finance The General Receiver Those who counterfeit or falsify cash vouchers will be punished with forced labor from 15 to 20 years.)
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Comments

Luxembourg's Administration des Finances issued this note during a period when the Grand Duchy still lacked a true central bank — the Banque Internationale à Luxembourg and the Belgian franc monetary union were the operative financial realities of the day. The "bon de caisse" designation is deliberate: these were treasury cash vouchers, not banknotes in the full institutional sense, reflecting Luxembourg's constrained monetary autonomy under the 1921 Belgium-Luxembourg Economic Union.

Giesecke & Devrient's Leipzig facility produced the series, and the printing quality is characteristically high for the firm. Pick 36 is the scarcest denomination in this short-lived issue, with surviving examples predominantly in collector hands rather than having passed through heavy public use.

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