2 Francs

Bruges issued its own emergency paper money in August 1914, within weeks of the German occupation of Belgium. Municipal authorities across the country scrambled to fill the vacuum left by hoarded and requisitioned coin — the Stad Brugge notes were part of that first chaotic wave of local scrip, produced locally and never intended to circulate beyond the city itself.

Locally printed emergency issues from this period are disproportionately rare in high grade. The paper stock used by municipal printers in 1914 was not banking-quality, and heavy short-term circulation took its toll quickly.