Logo Title
obverse
reverse
moi4992 CC BY-NC-SA
Context
Years: 1952–2001
Issuer: Belgium Issuer flag
Ruler: Baudouin I
Currency:
(1832—2001)
Demonetization: 28 February 2002
Total mintage: 313,185,000
Material
Diameter: 19 mm
Weight: 2.75 g
Thickness: 1.21 mm
Shape: Round
Composition: Bronze (95% Copper, 3% Tin, 2% Zinc)
Magnetic: No
Technique: Milled
Alignment: Coin alignment
Obverse
OBVERSE ↑
flip
Reverse
REVERSE ↓
References
KM: #Click to copy to clipboard145
Numista: #752
Value
Exchange value: 0.50 BEF

Obverse

Description:
A miner, adapted from Constantin Meunier, faces left. A mining lamp is on the right, with the designer's name below.
Inscription:
RAU
Script: Latin
Engraver: Marcel Rau

Reverse

Description:
Crowned face value. Dutch legend above.
Inscription:
BELGIE

1991 50

CENTIMES
Translation:
BELGIUM
1991 50
CENTIMES
Script: Latin
Language: French
Engraver: Marcel Rau

Edge

Plain

Categories

Object> Hat
Symbol> Crown

Mints

NameMark
Royal Mint of Belgium

Mintings

YearMint MarkMintageQualityCollection
19525,830,000
195322,930,000
195415,730,000
19565,640,000
195713,800,000
195819,480,000
19624,150,000
19631,110,000
196410,340,000
19659,590,000
19666,930,000
19676,970,000
19682,000,000
196910,000,000
197012,000,000
19711,250,000
1972
19733,000,000
19745,000,000
19757,000,000
1976
1977
19782,500,000
197920,000,000
198020,000,000
1980In sets
19812,000,000
1981In sets
19827,000,000
1982In sets
198314,000,000
19856,000,000
1987
19884,500,000
198960,000In sets
199060,000In sets
19916,000,000
19927,000,000
199310,000,000
199410,000,000
199560,000In sets
199611,000,000
199760,000In sets
199830,000,000
199960,000In sets
19995,000Proof
200060,000In sets
20005,000Proof
200160,000In sets
20015,000Proof

Historical background

In 1952, Belgium's currency situation was firmly embedded within the post-World War II European framework of the Belgian-Luxembourg Economic Union (BLEU) and the Bretton Woods system. The nation operated on a dual-currency basis with Luxembourg, sharing the Belgian franc (BEF), which was pegged at a fixed rate to the US dollar as per the Bretton Woods agreements. This provided much-needed stability after the monetary chaos of the war and immediate post-war period, which had included a major devaluation in 1949 aligning with other European currencies against the dollar to boost exports.

Domestically, the Belgian franc was relatively strong, supported by the country's rapid industrial recovery and its pivotal role as a founding member of the European Coal and Steel Community (ECSC). Belgium's economy, with its significant colonial revenues from the Belgian Congo and a robust export sector, enjoyed a favorable balance of payments. This strength was reflected in the country's substantial gold reserves, which bolstered confidence in the currency. However, this overall stability was carefully managed by the National Bank of Belgium, which had to balance supporting reconstruction, controlling inflation, and maintaining the fixed exchange rate.

Nevertheless, underlying tensions existed. The fixed parity required continuous intervention and strict monetary discipline. Furthermore, the costs of reconstruction, social programs, and the looming question of the Congo's future financial relationship created long-term fiscal pressures. Thus, while the currency scene in 1952 appeared stable and confident on the surface, it was a managed stability dependent on sustained economic performance and the broader stability of the international Bretton Woods order, within which Belgium was a committed and active participant.
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