A bank note auction unlike any other closed on Sept. 28, and as it
did, so did a revered Dutch institution, the bank note printing
division of Royal Johannes Enschedé b.v. It is one of the oldest
companies in the Netherlands, and for centuries was its exclusive bank
The sale was precipitated by the firm’s decision to shutter the
operation due to increased competition and lower demand for bank
notes. It will continue other aspects of it business, including
postage stamps, and the security printing of tax labels, visas, brand
protection products, diplomas and certificates.
The year coin collecting in the United States
Also in this week’s print issue of Coin World, we cite the secret
weapon for any modern coin researcher or collector interested in how
coins are made.
The online sale was conducted by Troostwijk Auctions b.v., a Dutch
multinational specializing in the sale of industrial machinery
available due to insolvency or closure.
The auction had 419 lots. It included paper-cutting machines,
counting machines, collection/sealing machines, binding machines,
cutting lines, a varnish coater, a light authenticity tester,
laboratory and testing equipment, a hydraulic ink mixer, rolling
stock, and office inventory.
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An opening bid of €350,000 or $418,000 would put a bidder in the run
for a 60- by 20-foot varnish sheet finisher capable of coating a 2.7-
by 2.3-foot double-sided sheet. On the lower end of the scale, posters
illustrating the complete history of Dutch bank notes from 1814 to
2002 had a minimum €10 starting bid.
Successful bidders were required to pay additional, and sometimes
considerable, fees for dismantling and moving.