40 Gulden

The Nederlandsche Bank was established by royal decree of Willem I in 1814, and this 40 Gulden note belongs to the bank's earliest circulating series — a denomination that has no equivalent in any later Dutch issue. The choice of 40 Gulden reflects a transitional monetary arithmetic, bridging older Dutch accounting conventions before the guilder system fully standardized around rounder values.

Enschedé in Haarlem has printed Dutch banknotes almost without interruption since the bank's founding. The nearly five-decade span of this type — 1814 to 1862 — suggests the design was reissued across multiple print runs with minimal alteration, a common cost-saving practice for low-circulation high-denomination paper.