荷兰. - 20 Gulden - 1926 - Pick 44 (没有保留价)

荷兰 – 二十荷兰盾 1926 “Navigator / Stuurman” 牌，荷兰银行，P-44，系列 AT 075322

Dutch 20 Gulden banknote dated 23 January 1926, issued by De Nederlandsche Bank, Amsterdam, serial AT 075322. Catalogued as Pick P-44 / Plomp PL50, this early issue carries the signatures of Guillaume Henri Marie Delprat, Secretary of De Nederlandsche Bank, and Gerard Vissering, President. The AT prefix belongs to the AA–DL serial range used for the 1926–1930 issues.

Large-format paper banknote measuring approximately 170 × 89 mm, printed in black, olive, brown and pale ochre tones. The face features the seal of De Nederlandsche Bank and the characteristic sailor at the helm, which gave the design its “Stuurman” or “Navigator” name, together with the denomination TWINTIG GULDEN and the Dutch national coat of arms. The reverse is dominated by an elaborate symmetrical guilloché composition with three large “20” denominations, serial and series markings, and the printed provisions of Article 208 of the Dutch Criminal Code.

This design belongs to the 1924–1929 issue series of De Nederlandsche Bank and was issued with dates beginning in 1926. The early 1926 Delprat–Vissering version is catalogued separately from the later 1931 and 1936–1938 serial arrangements. The present example retains its complete serial AT 075322, issue date, signatures, bank title and detailed ornamental security printing.

Circulated example with horizontal and vertical folds, including a pronounced central fold, handling creases, light overall toning and localized surface soiling. Minor edge and corner wear is visible, including a small fold at the upper-right corner. The paper remains substantially complete, with no major loss affecting the printed design; the sailor vignette, inscriptions, date, serial numbers and intricate reverse pattern remain clearly defined.