2017-10-02 Mon

One of the oldest companies in the Netherlands, the banknote printing division of Royal Johannes Enschede b.v was closed down on 28th September. It was the country’s exclusive banknote printer for several years. A unique banknote auction also closed on the same date.

The printer was shut down due to increased competition and lower demand for bank notes. The company will continue working on postage stamps, and the security printing of tax labels, visas, brand protection products, diplomas and certificates.

Troostwijk Auctions b.v held an online sale which 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.

The starting bid was €350,000 or $418,000 for a 60- by 20-foot varnish sheet finisher. Posters depicting the history of Dutch banknotes from 1814 to 2002 had a starting bid of €10. The final bidders were asked to pay fees for dismantling and moving.