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200 Gulden

Issuer Nederlandsche Bank
Year 1914
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Reference(s) P#31B
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Protection type Watermark
Protection description Watermarked cotton paper; the note has been cancelled by multiple rows of punch-hole perforations across the face.
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Comments

The Nederlandsche Bank's 200 Gulden of 1914 sits at an awkward historical juncture: the note was issued right as the Netherlands suspended gold convertibility in August 1914, a defensive measure taken within days of the European war beginning despite Dutch neutrality. Demand for high-denomination paper surged immediately as hoarding of coin intensified, making this a note born directly out of monetary panic rather than routine banking policy.

Pick 31B is distinguished from 31A by its signature combination — a detail that matters considerably to specialists, as the two variants otherwise share the same design and printing origin.

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