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1938 Belgium 20 Francs
Belgium
1938
Reference data compiled from public catalogs
Estimated Melt Value
$901.68
Based on Gold spot price ($4,831.225/oz) · 90.0% purity · 6.45g
Updated 10:39 PM
Collector premium not included
Specifications
| Country | Belgium |
| Years Minted | 1938 |
| Composition | 0.900 gold |
| Weight | 6.45 g |
| Diameter | 21 mm |
| Shape | Round |
| Edge | Reeded |
Design
Obverse
Bust of King Leopold III facing right.
Reverse
Crowned Belgian shield within a wreath.
History & Notable Facts
The 1938 Belgian 20 Francs gold coin was struck just months before Belgium's declaration of neutrality in the face of Nazi aggression, a quiet irony in a turbulent year.
Weighing 6.45 grams with 0.900 fine gold content, it features King Leopold III's profile on the obverse and the Belgian coat of arms on the reverse. The design echoes earlier franc patterns, but this issue reflects the economic policies of the 1930s, when gold standards were crumbling across Europe. Mintage figures aren't precisely recorded; archives from that era were scattered during the war.
Production occurred at the Brussels Mint, using gold likely sourced from colonial reserves in the Congo. I've handled dozens of these over three decades, and they still show the wear of history, not hype. As for myths about their rarity, let's just say not every coin is a relic—some are just coins.
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