Paper Money

Netherlands bank note printer closes down

Netherlands’ bank note printer has closed, but before it did, it auctioned its assets, ranging from machinery to posters (one shown here) illustrating the nation’s paper money history.

Image provided by Troostwijk Auctions b.v.

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 note printer.

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 changed forever”The year coin collecting in the United States changed forever 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.

Connect with Coin World:  

Sign up for our free eNewsletter
Like us on Facebook  
Follow us on Twitter

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.

Community Comments