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500 Gulden - Wilhelmina

Issuer Nederlandsch-Indische Gouvernement (Netherlands Indies Government)
Year 1943
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Value 500 Gulden
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Obverse description Gray-blue note with a portrait vignette of Queen Wilhelmina positioned at right, rendered in fine intaglio engraving. The crowned supported arms of the Netherlands Indies appear at left as a central heraldic device. Denomination numerals and bilingual treasury note inscriptions frame the design, with guilloche underprint work across the field.
Obverse lettering NEDERLANDSCH INDIË MUNTBILJET VIJF HONDERD NEDERLANDSCH INDISCHE GOUVERNEMENTSGULDEN LIMA RATOES ROEPIAH WETTIG BETAALMIDDEL 500 UITGEGEVEN KRACHTENS KONINKLIJK BESLUIT VAN 2 MAART 1943, Nº 1 STBL.D8 AMERICAN BANK NOTE COMPANY.
(Translation: Dutch Indies Treasury Note Five Hundred Dutch Indies Government Gulden Legal Tender Issued pursuant to Royal Decree of March 2, 1943, no.1 Stbl.D8 American Bank Note Company)
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Comments

This note was produced in New York as part of the exile printing program organized after the Japanese occupation of the Dutch East Indies began in early 1942. With the colonial administration operating from Australia and the Netherlands itself under German occupation, the American Bank Note Company became the practical option for maintaining a functioning currency supply — however theoretical that function was while the islands remained under Japanese control.

The 500 Gulden denomination made it one of the highest-value instruments in the series, and its utility in an occupied territory was essentially nil until liberation. Many were held in reserve and released into circulation only after 1945, which complicates any assessment of genuine wear patterns on surviving examples.

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