2 Euro (Grand Duke Jean) – Grand Duchy of Luxembourg
Circulating commemorative coins
Commemoration: The 100th anniversary of the birth of Grand Duke Jean
Luxembourg
Context
Year: 2021
Country: Luxembourg 
Issuer: Grand Duchy of Luxembourg
Ruler: Henry
Currency:
(since 2002)
Total mintage: 168,500
Material
References
KM: #Click to copy to clipboard177
Numista: #258829
Value
Exchange value: 2 EUR = $2.36
Inflation-adjusted value: 2.37 EUR
Obverse
Description:
The left side features Grand Duke Jean (born 1921) and the right side Grand Duke Henri, each with their name. Below is an outline of Luxembourg City. The text "GROUSSHERZOGE VU LËTZEBUERG" appears circularly on the left, with the year "2021" at bottom right. The outer ring bears the 12 stars of the European flag.
Inscription:
GROUSSHERZOGE VU LËTZEBUERG
1921
JEAN
HENRI
2021
1921
JEAN
HENRI
2021
Translation:
Grand Duke of Luxembourg
1921
John
Henry
2021
1921
John
Henry
2021
Script: Latin
Languages: French, Luxembourgish
Reverse
Edge
Reeded with inscription: the number "2" and two stars, alternating orientation.
Legend:
2 ** 2 ** 2 ** 2 ** 2 ** 2 **
Mints
| Name | Mark |
|---|---|
| Royal Dutch Mint | — |
Mintings
| Year | Mint Mark | Mintage | Quality | Collection |
|---|---|---|---|---|
| 2021 | — | 160,000 | ||
| 2021 | — | 7,500 | BU | |
| 2021 | — | 1,000 | Proof |
Historical background
In 2021, the Grand Duchy of Luxembourg, as a founding member of the Eurozone, continued to use the euro (€) as its sole official currency, a status it had held since the currency's physical introduction in 2002. The currency situation was therefore characterized by stability and full integration into the European Central Bank's (ECB) monetary policy framework. Luxembourg's financial sector, a cornerstone of its economy, operated seamlessly within this single currency area, facilitating cross-border banking and investment services for which the country is renowned. The euro provided price transparency, eliminated exchange rate risk with key trading partners, and underpinned the nation's highly globalized and open economy.
The year was nonetheless marked by the ongoing economic repercussions of the COVID-19 pandemic, to which the ECB's monetary policy was a critical response. Luxembourg, like all member states, benefited from the ECB's aggressive stimulus measures, including historically low interest rates and large-scale asset purchase programs (PEPP). These policies aimed to ensure liquidity, support borrowing, and maintain price stability across the bloc, indirectly shielding Luxembourg's vital financial and export-oriented sectors from more severe contraction. Domestically, the government's fiscal support packages, deployed in euros, worked in tandem with these ECB measures to cushion the economic and social impact.
Looking forward, 2021 was also a year of strategic anticipation for the future of the euro. Luxembourg, as a major financial hub, actively participated in EU discussions on key projects like the digital euro initiative and the deepening of the Capital Markets Union (CMU). These efforts aimed to strengthen the international role of the euro and enhance the resilience of the Eurozone's financial architecture. Thus, while the day-to-day currency environment was one of settled normality, the policy focus was on adapting the single currency framework to new digital and geopolitical challenges in the post-pandemic era.
The year was nonetheless marked by the ongoing economic repercussions of the COVID-19 pandemic, to which the ECB's monetary policy was a critical response. Luxembourg, like all member states, benefited from the ECB's aggressive stimulus measures, including historically low interest rates and large-scale asset purchase programs (PEPP). These policies aimed to ensure liquidity, support borrowing, and maintain price stability across the bloc, indirectly shielding Luxembourg's vital financial and export-oriented sectors from more severe contraction. Domestically, the government's fiscal support packages, deployed in euros, worked in tandem with these ECB measures to cushion the economic and social impact.
Looking forward, 2021 was also a year of strategic anticipation for the future of the euro. Luxembourg, as a major financial hub, actively participated in EU discussions on key projects like the digital euro initiative and the deepening of the Capital Markets Union (CMU). These efforts aimed to strengthen the international role of the euro and enhance the resilience of the Eurozone's financial architecture. Thus, while the day-to-day currency environment was one of settled normality, the policy focus was on adapting the single currency framework to new digital and geopolitical challenges in the post-pandemic era.
🌱 Common