25 Gulden

Pick 29 belongs to a series that De Nederlandsche Bank kept in continuous issue from 1914 through the occupation years — the same note type was still circulating when the Netherlands fell to Germany in May 1940. The Germans did not immediately withdraw it, and Dutch notes of this series remained legal tender under occupation, which complicates provenance for any dated example reaching into the early 1940s.

The printing date of 30 April 1945 places this specific impression at the very end: liberation of the Netherlands was underway that week, with Canadian forces entering Amsterdam on 5 May. Notes printed in those final days were caught between two monetary regimes and many were never formally released.