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100 francs= 20 belgas 1941

Europe › Belgium
P-1071941Banque Nationale de BelgiqueVF
100 francs= 20 belgas 1941 from Belgium, P-107 (1941) — image 1
100 francs= 20 belgas 1941 from Belgium, P-107 (1941) — image 2

Market Prices

55 sales
Catalogue (2016)
VG$4
VF$9
UNC$15
VF$10.52025-02-09(1 bid)
VF$7.52024-07-25(8 bids)
PMG 64$502024-06-29(15 bids)
VF$4.252023-06-26(6 bids)
F$3.12023-01-29(4 bids)
VF$0.992021-03-10(1 bid)
VF$5.52021-01-23(6 bids)
F$6.52021-01-03(9 bids)
VF$6.52020-12-13(7 bids)
PMG 67$3052020-06-06(13 bids)
F$4.82019-11-06(2 bids)
PMG 64$592019-10-27(26 bids)
VF$16.52019-05-27(17 bids)
F$6.062019-04-19(7 bids)
VF$3.752019-04-19(7 bids)
PMG 66$812019-02-10(25 bids)
VF$7.042019-01-02(10 bids)
AUNC$14.52018-10-30(18 bids)
F$1.322018-10-20(2 bids)
PMG 63$55.882018-09-09(27 bids)
PMG 64$452018-08-09(11 bids)
VF$5.52018-06-21(12 bids)
F$9.832018-04-21(9 bids)
PMG 66$111.382018-04-16(20 bids)
VF$19.52018-03-13(17 bids)
PMG 66$167.52018-03-11(38 bids)
PMG 66$1212018-02-26(26 bids)
VF$4.252017-11-17(6 bids)
F$4.692017-11-02(7 bids)
VF$9.52017-10-29(9 bids)
PMG 64$612017-03-14(26 bids)
VF$4.252016-11-20(6 bids)
VF$3.52016-07-16(5 bids)
PMG 63$612016-07-10(25 bids)
VF$14.52016-03-02(14 bids)
F$6.522015-11-07(9 bids)
F$9.032015-11-07(8 bids)
F$32015-11-07(7 bids)
VG$1.62015-11-07(3 bids)
VG$52015-11-07(8 bids)
VG$8.52015-10-17(6 bids)
F$8.12015-07-01(9 bids)
F$5.52015-07-01(6 bids)
F$6.012015-07-01(6 bids)
F$7.12015-06-17(9 bids)
VG$3.122015-05-28(6 bids)
VF$6.52015-05-28(6 bids)
VF$132014-06-30(13 bids)
VG$1.992014-03-02(1 bid)
VG$52014-02-11(5 bids)
VG$3.462013-12-05(6 bids)
F$3.82013-11-23(2 bids)
VF$1.042013-11-19(2 bids)
F$3.252013-06-12(6 bids)
VF$2.252012-12-11(3 bids)

About This Note

This is a Belgian 100 Francs / 20 Belgas banknote from 1941, issued by the Banque Nationale de Belgique during the German occupation period. The note displays exceptional preservation in VF condition with crisp details, featuring portraits of Queen Elisabeth and King Albert alongside allegorical figures representing Agriculture, rendered in gray and light brown tones with pristine paper quality and no visible circulation wear.

Rarity

Common. This denomination circulated widely during its 1933-1943 issue period, and the catalog records indicate substantial surviving populations. eBay market data confirms typical VF condition specimens consistently sell in the $5-20 USD range with regular auction activity, indicating ready availability in the secondary market. Print runs were substantial for this popular denomination.

Historical Context

Issued during 1933-1943 under the authority of the Banque Nationale de Belgique, this note reflects Belgium's complex political situation during World War II. The allegorical composition featuring the Meuse (Mosa) and Scheldt (Scaldis) rivers on the reverse represents Belgium's geographical and cultural identity, while the royal portraits of Queen Elisabeth and King Albert reinforce national continuity during the occupation period.

Design

The obverse features Queen Elisabeth (left profile, labeled 'LE TRESORIER') and King Albert (right profile, labeled 'LE GOUVERNEUR'), with an allegorical female figure personifying Agriculture depicted reclining with a cherub in the center composition, accompanied by fruits and agricultural symbols. The reverse displays allegorical male and female figures representing the rivers Moselle/Mosa (left bearded male) and Scheldt/Scaldis (right female figures) with cherubs, surrounded by decorative architectural motifs and heraldic elements including a coat of arms with lion rampant in the lower center. The bilingual design (French obverse, Flemish reverse) reflects Belgium's linguistic duality. Large circular watermark areas dominate both sides with King Leopold I as the watermark.

Inscriptions

FRONT (French text): 'BANQUE NATIONALE DE BELGIQUE' (National Bank of Belgium), 'LE TRESORIER' (The Treasurer), 'LE GOUVERNEUR' (The Governor), 'PAYABLES A VUE' (Payable on demand), '10 FRANCS' and '20 BELGAS' (denominations), dated '17.12.41' (December 17, 1941). Serial number: 8213.B.097 and 205301097. BACK (Flemish text): 'NATIONALE BANK VAN BELGIE' (National Bank of Belgium), '10 FRANK' and '20 BELGAS' (denominations), 'DESCHATBEWAARDER' (Treasurer), 'DE GOUVERNEUR' (The Governor), 'BETAALBAAROP ZICHT' (Payable on demand), 'MOSA' and 'SCALDIS' (Meuse and Scheldt Rivers in Latin).

Printing Technique

Intaglio engraving on banknote paper, characteristic of high-security currency production. Fine decorative line work, detailed portraiture, and intricate border patterns typical of 1930s-1940s Belgian banknote printing. The note exhibits the precision and depth of impression associated with professional security printers of the era, likely produced by the Banque Nationale de Belgique's contracted security printer.

Varieties

This specimen represents the standard P-107 variety with French text on the obverse (as opposed to P-112 which features Flemish text on front). The note is dated 17.12.41 (December 17, 1941) with serial number 8213.B.097. The catalog records indicate 4 signature varieties exist for this issue; this specific example would be one of those variants based on the signatures present. The bilingual design (French/Flemish) is characteristic of the entire 1933-1943 issue run for this denomination.