World Paper Money Value and Identification Guide




Paper Money Values - Belgium

The Kingdom of Belgium was established following the Belgian Revolution in 1830 and the Kingdom adopted the franc as its currency in 1832. Throughout the 1830s and 1840s early Belgian banknotes were produced by national and regional banks. The National Bank of Belgium was established in 1850 and began issuing paper money the next year in 1851. Occupation by Germany during the first and second World Wars disrupted paper money production and resulted in a number of occupation, provisional and emergency money issuances. In 2002 Belgium converted to the euro and the franc effectively ceased to exist.

1914-1920 Issue

Belgium Paper Money 100 Francs 1920
Belgium Paper Money 100 Francs 1920

  • Denomination: 100 Francs
  • Issue Date: 1920
  • Reference: 78
  • Authority: Banque Nationale de Belgique
  • Front: Quadriga Driven by Ceres - Neptune - Lion
  • Back: Women Sowing and Harvesting
  • Watermark: Minerva
  • Grade: Ungraded
  • Sale Date: Jan. 2020
  • Price: $34.99



1915-1918 Issue - Société Générale de Belgique - German World War I Occupation

Belgium Paper Money 1 Franc 1915
Belgium Paper Money 1 Franc 1915

  • Denomination: 1 Franc
  • Issue Date: 1915
  • Reference: 86a
  • Authority: Société Générale de Belgique
  • Front: Queen Louise-Marie
  • Grade: F/F+ - Seller Graded
  • Note: Small edge tear
  • Sale Date: Jan. 2020
  • Price: $5.66

Belgium Paper Money 2 Francs 1915
Belgium Paper Money 2 Francs 1915

  • Denomination: 2 Francs
  • Issue Date: 1915
  • Reference: 87a1
  • Authority: Société Générale de Belgique
  • Front: Queen Louise-Marie
  • Grade: F+ - Seller Graded
  • Note: Tiny edge tears
  • Sale Date: Jan. 2020
  • Price: $28.00

1926-1940 Issue

Belgium Paper Money 5 Francs 1931
Belgium Paper Money 5 Francs 1931

  • Denomination: 5 Francs
  • Issue Date: 1931
  • Reference: 97b8
  • Authority: Banque Nationale de Belgique
  • Front: King Albert & Queen Élisabeth - TRÉSORERIE THESAURIE Overprint
  • Back: Worker in Front of Industrial Landscape
  • Signatures: Franck & Stacquet
  • Grade: aVF/F+ - Seller Graded
  • Sale Date: Jan. 2020
  • Price: $0.99

1933-1947 Issue

Belgium Paper Money 100 Francs 1943
Belgium Paper Money 100 Francs 1943

  • Denomination: 100 Francs
  • Issue Date: 1943
  • Reference: 107
  • Authority: Banque Nationale de Belgique
  • Front: Queen Elisabeth - Allegorical Woman - King Albert
  • Back: Allegorical Figures
  • Watermark: King Leopold I
  • Signatures: Sontag & Goffin
  • Grade: Choice UNC 64 EPQ - PMG
  • Note: Minor Stain
  • Sale Date: Nov. 2019
  • Price: $33.77

1940-1947 Issue

Belgium Paper Money 20 Francs 1945
Belgium Paper Money 20 Francs 1945

  • Denomination: 20 Francs
  • Issue Date: 1945
  • Reference: 111a3
  • Authority: Banque Nationale de Belgique
  • Front: King Albert & Queen Élisabeth - TRÉSORERIE Overprint
  • Back: Brussels Square - TRÉSORERIE Overprint
  • Signatures: Sontag & Frére
  • Grade: UNC - Seller Graded
  • Sale Date: Feb. 2020
  • Price: $16.95

1943-1945 Kingdom in Exile Issue

Belgium Paper Money 5 Francs 1943
Belgium Paper Money 5 Francs 1943

  • Denomination: 5 Francs
  • Issue Date: 1943
  • Reference: 121
  • Authority: Banque Nationale de Belgique
  • Printer: Thomas De La Rue & Company
  • Grade: XF-AU - Seller Graded
  • Sale Date: Feb. 2020
  • Price: $9.99

1944-1950 Issue

Belgium Paper Money 100 Francs 1945
Belgium Paper Money 100 Francs 1945

  • Denomination: 100 Francs
  • Issue Date: 1945
  • Reference: 126a1
  • Authority: Banque Nationale de Belgique
  • Front: King Leopold I - Justice Palace
  • Back: Mounted Troops
  • Watermark: King Leopold I
  • Signatures: Sontag & Frére
  • Grade: VF - Seller Graded
  • Sale Date: Feb. 2020
  • Price: $9.95

1948-1956 Issue

Belgium Paper Money 50 Francs 1948
Belgium Paper Money 50 Francs 1948

  • Denomination: 50 Francs
  • Issue Date: 1948
  • Reference: 133a
  • Authority: Royaume de Belgique - Trésorerie
  • Front: Woman with Basket of Fruit - Man Planting Tree
  • Back: Farmer with Scythe - Woman with Sheaf of Wheat
  • Watermark: King Leopold I
  • Signatures: Van Heureck
  • Grade: Choice UNC 64 EPQ - PMG
  • Sale Date: Oct. 2019
  • Price: $51.00

1964-1966 Issue

Belgium Paper Money 50 Francs 1966
Belgium Paper Money 50 Francs 1966

  • Denomination: 50 Francs
  • Issue Date: 1966
  • Reference: 139
  • Authority: Banque Nationale de Belgique
  • Front: King Baudouin (Boudewijn) I and Queen Fabiola
  • Back: Belgian Parliament Building in Brussels
  • Watermark: King Baudouin
  • Signatures: Marcel d'Haeze
  • Grade: Superb Gem UNC 67 EPQ - PMG
  • Sale Date: Nov. 2019
  • Price: $28.00