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40 Gulden Spare Note

Issuer De Nederlandsche Bank
Year 1914
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Currency Gulden (decimalized, 1817-2001)
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Obverse description Olive-green note with an intricate guilloche border framing the entire face. The left panel carries the numeral '40' within an ornate vertical cartouche flanked by fine lathe-work rosettes and the interlaced 'NBA' monogram at top and bottom. The central field bears the issuer's name 'DE NEDERLANDSCHE BANK' in large arched serif capitals above the bearer clause 'betaalt aan Toonder' and the bold denomination 'VEERTIG GULDEN' in shadowed block letters. The date 'Amsterdam, 1 October 1914' and signature lines for De Secretaris and De President appear in the lower centre, with two five-pointed star perforations cancelling the signature area.
Obverse lettering NBA 40 NBA DE NEDERLANDSCHE BANK betaalt aan Toonder VEERTIG GULDEN Amsterdam, 1 October 1914. De Secretaris De President DE NEDERLANDSCHE BANK.
(Translation: Bank of Netherlands pays to Bearer Forty Gulden Amsterdam, October 1, 1914. Secretary President Bank of Netherlands)
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Comments

De Nederlandsche Bank maintained a class of so-called "spaarbiljetten" — spare notes — held in reserve against sudden demand surges rather than released into general circulation. This 40 Gulden denomination is among the more unusual in that reserve series; 40 Gulden sat at an awkward value point, neither everyday tender nor a high-denomination instrument, which may partly explain why relatively few entered actual use.

De Bussy, the Amsterdam printer, was the bank's domestic supplier for this period. The perforation security feature was applied at issuance control rather than as a cancellation mark — a distinction that matters when assessing whether a perforated example represents a circulated note or one that never left the vault.

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