2020 numismatic program of Luxemburg
- December 29, 2019
The CBL (Central Bank of Luxemburg) presented us with the broad outlines of Luxembourg’s 2020 numismatic program. This information concerns circulation coins as well as coins for collectors.
One of the two themes of the 2€ commemorative 2020 has been modified compared to what was initially announced by the CBL. Two new coin with 2019 year mark will be issued in 2020 to commemorate the death of Grand Duke John. CBL will issue a new gold product for investors. A lot of news for 2020!
2020 circulation coins
As in 2019, only 50,000 complete sets of 8 coins will be minted by the KNM (Netherlands Mint) on behalf of Luxembourg. Moreover, the KNM has seen its minting contract on behalf of the BCL renewed for another four years, except for the products for collectors (BU and proof sets).
The CBL and the Luxembourg government remain in favour of the minting of 1 and 2 cent coins, which several other states have stopped minting. However, the mintage of 1 and 2 cent coins remains very low as the BCL has to cope with withdrawals in Luxembourg of 1 and 2 cent coins by Dutch and Belgian banks which have domestic demand in their respective countries for these small face value coins. In addition, the situation in Belgium has worsened since the corollary of the abolition of 1 and 2 cent coins minting, rounding prices to the nearest multiple of 5 cents, has become compulsory. Initially, this was supposed to be done on a voluntary basis.
Only the 5 and 10 cent coins will be minted for circulation in 2020, with 2 million and 1.55 million coins for each one of these values.
2020 Bu and proof coin sets
The BCL will issue two coin sets in 2020. The BU set will be dedicated to the city of Remich. It is part of the collection of BU sets dedicated to the cities of Luxemburg State. Their number was set at 12 by the law on municipalities of December 13th 1988.
Each Luxemburg municipality therefore has a set that is or will be dedicated to it by the year 2024, when the series will be closed with a set dedicated to the city of Luxemburg. The price of the BU set will increase by one euro in 2020.
Luxemburg BU set 2020
A proof set containing the 10 coins of the 2020 divisional series (8 circulation coins + 2 *€2 commemorative coins) will be marketed in 2020, at the end of the year. 5,000 sets will be issued.
Please note that the 2019 proof set, sold at the beginning of December, is already sold out at the BCL. The price of the 2020 proof set will increase of three euros in 2020.
2020 commemorative coins
The 2020 programme will be opened by an “ad hoc coin”, i.e. one that was not foreseen in a numismatic program.
1/ Coins celebrating Grand Duke John (with 2019 yearmark, but issued in 2020):
The first coin is a silver collector’s coin dedicated to Grand Duke John, who died in May 2019.
Fineness: AG 925/1000
Mintage: 1500 coins
Diameter: 34 mm
Face value: €5
The second coin is a gold collector’s coin also dedicated to Grand Duke John death in May 2019.
Fineness: AU 999/1000
Mintage: 250 coins
Diameter: 34 mm
Face value: €100
2/ Luxemburg Pavilion coin at the 2020 DUBAI World Expo:
Metal: bimetallic – Nordic gold and silver
Shape: rectangular coin
Mintage: 2 500 coins
Date of issue: September or October 2020
This coin is minted by the Mint of Poland.
3/ Series Fauna and flora of Luxemburg:
It is dedicated to a flower, the Bistorte.
Metal: Nordic gold and silver
Mintage: 3 000 coins
Issue date: May or June 2020
4/ Mermaid MELUSINE gold coin
Gold coin dedicated to the ancient mermaid Melusine
Metal: gold 999/1000
Weight: 1/10th ounce
Mintage: 1 500 coins
This coin is made of Fair Trade gold.
5/ Birth in Luxemburg’s monarch family
Two coins, in gold and silver, should be issued on the occasion of the birth of the daughter or son of Prince William, heir to the Grand Ducal throne. This birth is scheduled for June 2020. The BCL will validate these numismatic issues after this date.
The series concerning the castles of Luxemburg ended with the 2019 issue. From 2021 onwards, the CBL is planning a new series dedicated to the winners of the european Charlemagne Prize.
These winners include Europeans, such as Robert SCHUMAN, but also non-European nationals who have worked for Europe, such as Pope John Paul II or Henri KISSINGER. This may increase the interest of collectors from the countries of origin of these personalities in collecting these pieces.
The coins of the future series will be made of silver and nobium.
2020 €2 commemorative coins
In June 2019, the CBL had announced two commemorative coins, one dedicated to Prince Henry and the other to Luxembourg’s ratification of the UN Charter in 1945.
This second theme is abandoned in favour of a coin dedicated to the next Grand Ducal birth.
The €2 coin dedicated to Prince Henry will be issued at a 300,000 coins volume.
The 2€ coin dedicated to the birth in Grand Duchy’s monarch family will be issued in a number of between 500,000 and 600,000 coins, given the importance of the event for the Luxemburg’s population.
Luxemburg may only mint a third national coin if one of the coins relates to a change of sovereign.
As this is not the case, the coin dedicated to the ratification of the UN Charter has been left over. No commemorative coin will be either devoted to this subject.
New product for investors – CBL Gold ingots
The BCL will issue one-ounce gold bars in 2020. There is no mintage limit as a result. The ingot and its sealed package will be numbered.
The ingot will be sold at the gold price, plus a premium included between 5 and 10%. The CBL has already received numerous requests for this product from all European countries.
Sources: BCL and NUMISMAG©.