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500 Francs

Issuer Banque Nationale de Belgique
Year 1852
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Composition Cotton paper
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Obverse description Light blue intaglio note with the royal arms of Belgium at centre top, flanked by allegorical female figures in classical dress at left and right margins forming a columnar frame. The denomination "500" appears at upper corners with panel number "212", and two manuscript signatures appear above the place and date inscription "Bruxelles". A large perforated "ANNULE" cancellation is applied across the face.
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Reverse description Plain unprinted cream-coloured paper reverse dominated by a central ornate guilloche vignette of elaborate scrollwork and foliate engraving enclosing a small circular numeral "500" medallion, with two rampant lion supporters; the surrounding field is largely blank. A perforated "ANNULE" cancellation traverses the vignette.
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Comments

Pick 50 is among the earliest large-denomination notes issued by the Banque Nationale de Belgique following its founding in 1850. The bank was established by royal decree specifically to unify a fragmented Belgian monetary system still operating through competing provincial institutions, and the 500 Franc denomination was never intended for ordinary commerce — it functioned primarily as an instrument of interbank settlement and merchant credit.

Surviving examples are genuinely rare. The redemption and destruction rate for high-denomination notes of this period was thorough, and Belgium's damp climate has not been kind to mid-nineteenth century cotton stock.

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