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500 Kroner Substitution note

Issuer Danmarks Nationalbank
Year 1944-1962
Type Standard circulation banknote
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Obverse lettering NATIONALBANKENS SEDLER INDLØSES MED GULD EFTER GÆLDENDE LOV DANMARKS NATIONALBANK
(Translation: Notes from the Nationalbank can be exchanged with gold according to recent Law. Denmark Nationalbank)
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Signature(s) 1944 - Svendsen & Matthiessen
1944 - Svendsen & Vinther
1944 - Svendsen & Teilmann
1944 - Svendsen & Rohleder
1948 / left - Halberg
1948 / left - Riim
1962 - Riim & Hansen
1962 - Riim & Hübner
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Comments

Denmark was occupied by Germany from April 1940, and by 1944 the Nationalbank faced a specific problem: the existing 500 Kroner notes carried design elements considered vulnerable to wartime counterfeiting operations. The substitution series — "erstatningssedler" in Danish — was printed as a deliberate stopgap, using simplified production to replace higher-risk notes in circulation without requiring an entirely new series design.

Gerhard Heilmann is better known as an ornithologist than a banknote designer, his 1926 book on the origin of birds remaining a serious scientific contribution decades after publication. His work for the Nationalbank is the less-discussed half of an unusual career.

The eight recorded signature combinations across eighteen years reflect routine administrative turnover, but the 1944 cluster of four variants within a single year points to deliberate rapid deployment.