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100 Gulden

Issuer De Nederlandsche Bank
Year 1945
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Size 152 × 74 mm
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Obverse description Cream and brown note with a central vertical guilloche band executed in brown and black intaglio, dominated by large numeral '100' figures within the panel. The bank title 'De Nederlandsche Bank' is set in copperplate script across the top, with the date 'Amsterdam, 7 Mei 1945' printed diagonally along both vertical margins. The legend 'HONDERD GULDEN' appears in bold letterpress across the lower guilloche panel, while the flanking cream fields carry the inscriptions 'BETAALT AAN TOONDER' and '100 Gulden' alongside two manuscript signatures above the printed titles DIRECTEUR and PRESIDENT.
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Reverse description Green and white note with a central rectangular panel densely filled with repeated microtext rows reading 'De Nederlandsche Bank Honderd Gulden', forming a security underprint. The numeral '100' appears at both the left and right margins of the surrounding plain field, and a fine guilloche border frames the central text panel.
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Comments

This note was prepared during the German occupation of the Netherlands but issued only after liberation — a wartime printing held back until it was safe to release. The Enschedé firm in Haarlem had an extraordinarily precarious position during the occupation, continuing security printing operations under Nazi oversight while attempting to conceal materials and protect staff. That this note emerged from those years essentially intact, produced by a press that was simultaneously printing under duress and for resistance purposes, is worth registering.

The microtext security feature is notably early for a Dutch domestic issue of this period.

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