NETHERLANDS. Nederlandsche Bank. 10 Gulden, 1.8.1914. P-28. PMG About Uncirculated 53.
A rather unassuming note from the Netherlands that is nevertheless a major rarity that is seldom offered for sale in any grade. Printed by the firm of J.H. de Bussy in Amsterdam in series of 10,000 notes. Records from 1939 reveal that just 166 notes remained outstanding at that time; the bank added the balance to their profits when they were withdrawn. Not surprisingly, today, just a small portion of the notes reported outstanding are known. This type, and any of the other denominations from this series issued at the same time is missing from even the most advanced collections of Dutch paper money and are considered to be among the most difficult Dutch bank notes of the 20th century to acquire in any grade. PMG has graded just three examples of this Pick number, of which this is the sole finest. In Dutch, this series of notes are known as "help" issues, although emergency issue is probably a better term. The Nederlandsche Bank and the printing firm of JEZ had been in the process of designing a new series of notes, including the 10 Gulden, meant to replace the Labor and Prosperity type put into circulation in 1904. Even though the Netherlands remained neutral in World War I, it wanted to assure the stability of its money circulation, and hastily ordered these uniface notes from the private firm of de Bussy when the new notes could not materialize fast enough. They were quickly put into circulation, where they remained for years, not being withdrawn until the late 1920s. De Bussy would print bank notes for the Netherlands and its colonies from time to time, but according to an article in de Beeldenaar (January/February 1988, Vol. 13, No. 1) for this series the bank specifically purchased horses for the transport from the printer to the bank, which afterwards were requisitioned by the military. An outstanding opportunity for the Dutch specialist and not to be missed, this example has a light centerfold and the faintest traces of rust. Its paper quality is strong, and the eye appeal is excellent. PMG Comments "Minor Rust."

Estimate: $8000.00 - $12000.00