(sold for $336.0)

1993, Luxembourg (Grand Duchy). Proof Gold 100 Ecu "Joseph Bech" Coin. 8.68gm!

Mint Year: 1993 Reference KM-X#37. Mintage: 1,000 pcs.  Denomination: 100 Ecu Condition: Minimal contact-marks, otherwise a nice proof! Material: Gold (.900) Diameter: 21mm Weight: 8.68gm

Obverse: Bust of Joseph Bech (Luxembourgian politician and lawyer) within design with signature facsimile. Legend: GRAND-DUCHE DE LUXEMBOURG / JOSEPH BECH 1887 1975

Reverse: Stylized depiction of Luxembourg with city-walls and stars. Shield of Luxembourg, splitting value (100-ECU) below. Privy marks (scales/cross-topped face) and date of issue (19/93) in fields. Legend: LETZEBUERG / 100-ECU

The European Currency Unit ( or ECU, French pronunciation: [eky]) was a basket of the currencies of the European Community member states, used as the unit of account of the European Community before being replaced by the euro on 1 January 1999, at parity. The ECU itself replaced the European Unit of Account, also at parity, on 13 March 1979. The European Exchange Rate Mechanism attempted to minimize fluctuations between member state currencies and   the ECU. The ECU was also used in some international financial   transactions, where its advantage was that securities denominated in   ECUs provided investors with the opportunity for foreign diversification   without reliance on the currency of a single country.

The ECU was conceived on 13 March 1979 as an internal accounting unit. It had the ISO 4217 currency code XEU.

Bid with confiedence!

Joseph Bech (17 February 1887 – 8 March 1975)  was a Luxembourgian politician and lawyer. He was the 15th Prime Minister of Luxembourg, serving for eleven years, from 16 July 1926 until 5 November 1937. He returned to the position after World War II, becoming the 17th Prime Minister, serving for another four years, from 29 December 1953 until 29 March 1958. The 1982–1983 academic year at the College of Europe was named in his honour.

Bech studied Law at Fribourg and Paris, before receiving his doctorate in law in 1912, and qualifying as a lawyer in 1914. The same year, on 30 June, he was elected to the Luxembourgish Chamber of Deputies for the newly founded Party of the Right, representing the Canton of Grevenmacher.

On 15 April 1921, Bech was appointed to Émile Reuter's cabinet, holding the positions of Director-General for the Interior and Director-General for Education. In 1925, Bech lost these positions, as the Party of the Right was edged out of government by a coalition of all other parties, who formed the government under Pierre Prüm.

When Prüm's coalition collapsed, in 1926, Bech became Prime Minister, as well as Minister for Foreign Affairs, Education and Wine-growing. He was to remain Foreign and Wine-growing Minister until 1954. His term as Prime Minister, on the other hand, lasted until 1937, when he resigned over the outcome in the referendum on the Maulkuerfgesetz. At various points he also held the portfolios of Agriculture, Arts and Sciences, and the Interior.

In World War II Bech was the Foreign Minister of the Luxembourg government-in-exile in London. In this capacity he signed the Benelux Treaty in 1944.

Bech is considered to be one of the 'Founding Fathers' of the European Union and Community.[2] He was one of the participants of the Messina Conference in 1955, which would lead to the Treaty of Rome in 1957.

He was Prime Minister again from 1953 to 1958, succeeding Pierre Dupong. He remained in the government until 1959; after this he was President of the Chamber of Deputies until 1964. Bech died on 8 March 1975 at the age of 88.

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This coin has been sold for   $336.0

Notes: https://www.ebay.com/itm/153105314361 2018-07-25

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Posted by: anonymous
2018-07-19
 
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