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20 lei 1906
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21 mm diameter, 6.452 g, gold 90%,
copper 10%, grained edge, outer pearl circle
denomination * 20 LEI *, the inscription "CAROL I DOMNUL ROMANIEI" meaning "PRINCE OF ROMANIA" and prince CAROL I (with side whiskers) facing left. Under the neck lies A. MICHAUX, the engraver's name.

years * 1866 - 1906 *, the inscription "CAROL I REGE AL ROMANIEI" meaning "KING OF ROMANIA" and king CAROL I facing left, outer pearl circle. Under the neck lies A. M. standing for Alfons Michaux, the engraver's name.

Mintage: 15.000 coins.

The silver and gold coins struck in 1906 were issued to celebrate the fortieth year of reign for king Carol I of Romania. Minted in Brussels, they were designed by Alfons Michaux.

This highly impressive coin set features the following values: 1 leu, 5 lei, 12 1/2 lei, 20 lei, 25 lei, 50 lei and 100 lei. To the best of our knowledge, these coins circulated effectively, the lesser ones at least. Part of the silver coins of 1906 were struck with silver from older used coins that were melted (face value of melted coins: 1.700.000 lei - information from Mr. J. M.).

A copper essay of this coin is presented below.

The gold coin and copper essay pictures above are present on Romanian coins through the kind permission of an anonymous donor.

The forty years of reign of Carol I were also celebrated through a ten value philatelic issue. Below is one postal stamp picturing Carol in 1866 and in 1906.

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