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5 Kroner 'Matadorsedler' Substitution notes

Issuer Danmarks Nationalbank
Year 1944-1950
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Shape Rectangular
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Reverse description Blue intaglio print on aged paper. The central vignette consists of the Danish National Coat of Arms — a crowned quartered shield bearing three passant lions and nine hearts — enclosed within a circular guilloche band inscribed with the country name and denomination. Large numeral '5' rosettes in fine lathe-work fill the left and right fields symmetrically.
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Signature(s) 1944 - Svendsen & Teilmann
1944 - Svendsen & Vinther
1944 - Svendsen & Hannibal
1944 - Svendsen & Lund
1944 - Svendsen & Friis
1944 - Svendsen & Sander
1946 - Halberg & Strande
1946 - Halberg & Rohleder
1946 - Halberg & Teilmann
1948 - Halberg & Holm
1948 - Halberg & Neergaard
1950 - Riim & Matthiessen
1950 - Riim & Rohleder
1950 - Riim & Hellerung
1950 - Riim & Friis
1950 - Riim & Neergaard
1950 - Riim & Jensen
1950 - Riim & Hansen
1950 - Riim & Teilmann
1950 - Riim & Holm
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Comments

The "Matadorsedler" — literally "matador notes" — were emergency substitution issues produced because the German occupation had severely disrupted normal Danish banknote production and supply. Danmarks Nationalbank needed a stopgap, and these small-format notes filled that role from 1944 through the early postwar years. The nickname derived from the popular Danish board game Matador, whose play money the notes allegedly resembled — an unflattering comparison the public found entirely accurate.

The sheer number of signature combinations across this series, twenty in total spanning six years, reflects continuous staff turnover at the bank during and immediately after the occupation. Collectors generally chase the complete signature run, which makes the 1944 Svendsen pairings — particularly Hannibal and Sander — consistently harder to locate than the later Riim combinations.

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