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25 Gulden William the Silent, of Orange

Issuer De Nederlandsche Bank
Year 1929-1930
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Value 25 Gulden (25 NLG)
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Obverse lettering DE NEDERLANDSCHE BANK BETAALT AAN TOONDER VIJF EN TWINTIG GULDEN 25
(Translation: Bank of Netherlands Pay to the Bearer Twenty Five Gulden 25)
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Reverse lettering 25 AMSTERDAM - 22 FEBRUARI 1930
(Translation: 25 Amsterdam - 22 February 1930)
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Comments

Enschedé's engraved work on the P#46 is among the most technically accomplished Dutch intaglio printing of the interwar period — the Haarlem firm had been supplying De Nederlandsche Bank since the nineteenth century and brought a depth of plate work to this series that offset lithography simply could not match. The notes were issued across two fiscal years, 1929 and 1930, straddling the Wall Street crash, though Dutch monetary policy at the time kept the guilder firmly on gold.

Circulation wear on surviving examples tends to concentrate along the horizontal fold lines, a known characteristic of this format.

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