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25 Gulden - Wilhelmina 'facing left' Coin note

Issuer Netherlands (Ministry of Finance)
Year 1943
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Currency Gulden (decimalized, 1817-2001)
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Obverse description Dark green muntbiljet (coin note) with a central oval intaglio vignette of Queen Wilhelmina in left-facing portrait, framed by a finely engraved guilloche border. The denomination numeral '25' is repeated at left and right, while the inscriptions 'NEDERLAND' and 'MUNTBILJET' appear above and below the central medallion respectively. Statutory and authority text, including the Royal decree reference and the minister's title, is distributed across the upper and lower margins, with the American Bank Note Company imprint at the base.
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Reverse description Red-orange reverse printed in intaglio, with the Dutch crowned coat of arms — supported by two rampant lions and bearing the motto 'JE MAINTIENDRAI' on a ribbon beneath — at centre. Two large guilloche rosettes flank the arms, each carrying the denomination text 'VIJF EN TWINTIG GULDEN' in two columns, with the numeral '25' repeated in each corner. The American Bank Note Company imprint runs along the lower margin, above the statutory anti-counterfeiting warning drawn from the Dutch Criminal Code.
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Comments

Produced in New York during the German occupation of the Netherlands, this series was printed for use after liberation — the Dutch government-in-exile in London coordinated the issue through the American Bank Note Company specifically to ensure a supply of untainted currency that could replace the compromised notes circulating under occupation. The "coin note" designation refers to the guilder coin imagery worked into the design, a device used across several denominations in this exile-period series.

P#67 is among the more elusive of the wartime exile issues. A portion of the print run was destroyed before ever being released, and post-liberation monetary reforms in 1945 curtailed how much actually reached general circulation.

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