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40 Gulden Stadtholder Maurits of Orange

Issuer De Nederlandsche Bank
Year 1923-1927
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Size 175 × 100 mm
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Reverse description Printed in green, the reverse is dominated by a central architectural vignette of the Nederlandsche Bank building in Amsterdam, rendered in fine intaglio line work. A criminal code article appears in letterpress at the bottom center, serving as the statutory counterfeiting warning.
Reverse lettering 40 NED. BANK AMSTERDAM 1 FEBRUARI 1923
(Translation: 40 Ned. Bank Amsterdam 1 February 1923)
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Comments

Pick 37 is one of the more awkward entries in Dutch monetary history. Designed and printed in the 1920s, these notes were still technically in circulation when the Netherlands was occupied, which made them a liability — the Germans systematically drained Dutch currency reserves, and older high-denomination guilder notes of this type passed freely through that mechanism. The printing date of 30 April 1945 is striking: that is the day Hitler died, and two days before Amsterdam's liberation.

Notes dated that late in the war were almost certainly printed for post-liberation monetary stabilization rather than wartime issue.

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