1891 Netherlands 25 Cents Sets $1.13M Record at Heritage Auctions-Europe


Wilhelmina, who was Queen of the Netherlands from 1890-1948, is now royalty of the numismatic realm.

25 Cents of kwartje 1891
1891 Netherlands 25 Cents

An 1891 Netherlands 25 Cents, or kwartje, sold for €1.045.000 ($1,130,376) at HA-Europe Monday, becoming the most expensive Dutch coin ever sold.

Heritage Auctions Europe-Cooperatief is an affiliate of Heritage Auctions, the world’s leading auctioneer of coins and currency.

The previous record for the most ever paid for a Dutch coin was €700.000 ($757,190) paid in 2021 for an 8-fold gold rosenobel; the best result for a Netherlands Kingdom (1806-present) was the €200.000 paid last year for an 1867 gold double ducat.

"This coin was the cover piece for our catalog, but we expected a hammer price between €300.000 and €400.000," says Jacco Scheper, Managing Director of HA-Europe. "Nobody expected this world record."

Bids came in quickly for the coin, which opened at €300.000 before soaring to its record result in a matter of two minutes.

The 1891 quarter is considered the pinnacle of "Kingdom coins." This record-setting example, which Scheper called "the Holy Grail for coin collectors" in RTL Nieuws, was the only one available on the open collecting market, and has had just four owners in the past century.

This continued a strong week for World and Ancient coins at Heritage, whose CSNS World & Ancient Coins Platinum Session and Signature® Auction brought $11,904,407 as part of Heritage’s Central States Numismatic Society auction events that reached a combined $52,341,143.

About Heritage Auctions

Heritage Auctions is the largest fine art and collectibles auction house founded in the United States, and the world’s largest collectibles auctioneer. Heritage maintains offices in New York, Dallas, Beverly Hills, Chicago, Palm Beach, London, Paris, Amsterdam, Brussels, Hong Kong and Tokyo.

Heritage also enjoys the highest Online traffic and dollar volume of any auction house on earth (source: SimilarWeb and Hiscox Report). The Internet’s most popular auction-house website, HA.com, has more than 1,750,000 registered bidder-members and searchable free archives of more than 6,000,000 past auction records with prices realized, descriptions and enlargeable photos. Reproduction rights routinely granted to media for photo credit.

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Kaiser Wilhelm

Once I got over sticker shock from the (record) price of this Dutch coin I noticed its reverse is uncannily reminiscent of the standard reverse of Swiss fractional coinage.

Kaiser Wilhelm

And here is a perhaps more easily discernible likeness of the same Swiss reverse…

Last edited 1 month ago by Kaiser Wilhelm

Not only a likeness, but quite possibly the same die, if not the same coin! However, to me it looks to have been photoshopped. I’ll give the fake coin(circled) a 7 out of 10 for a decent effort to pull a fast one…
Disclaimer–I know nothing about European coinage.

Kaiser Wilhelm


It can’t possibly be the same coin since the Dutch reverse not only has a space at the top of the laurel wreath but also a small emblem on each side of the ribbon at the bottom, both of which details all of the Swiss coins lack. As for the alleged “fake” coin, I haven’t a clue as to how that supposition arose, but then, you did provide a disclaimer in that regard.


Thank goodness for disclaimers Kaiser! Whew, I knew I needed it! Probably my eyesight. But yet I still cannot find a single emblem near any of the ribbons on the 7 coins that you described as “this Dutch coin” I also see space above all wreaths up to the Dentils?(see how out of touch I am?!)lol.. My circled coin above most resembled the Swiss coin–to a ‘T’ to me, except for the Mint Mark/no Mint Mark difference.. And I agree with your “uncannily reminiscent” descriptor. I guess that’s what allowed me to think that you thought something is amiss–and fake!?… Read more »

Last edited 1 month ago by Rick

I finally get it! Your not talking about the 8 coins that you showed me. Your talking about the ARTICLE COIN !! Sorry for the trouble Kaiser! I see the difference now that I look at the “subject” at hand…Whew!
I better stick with North American coins for now…

Last edited 1 month ago by Rick
Kaiser Wilhelm

Rick, I feel bad now that my comments ended up causing you so much completely unnecessary grief and confusion; I’m truly sorry about that! I think I took far too much for granted in regard to being able to make a comparative identification of the Dutch coin versus the Swiss coins simply because I myself had grown up with a wide array of European coinage passing through my hands on a fairly regular basis. Europe covers such a small amount of territory that traveling from country to country even for short day and/or weekend trips wasn’t at all out of… Read more »


Thank you Kaiser. The confusion is all on me for not reading the article first, lesson learned. By the way, that coin is beautiful, so was the Queen. I should’ve known something was amiss when I saw the cross on the large Swiss coin(like my knife). I actually spent an entire month in Europe! I was a teenager along for the ride with my family. It was one of those bus tours(like my daughter does now)and we visited around a dozen Countries. Yes, the Netherlands was one of them LOL! Amsterdam, with the Red Light District was as real as… Read more »

Kaiser Wilhelm

Rick, It appears we mutually stumbled and tumbled a bit at the outset of that topic we were trying so very hard to negotiate, but it’s abundantly clear that we’ve now miraculously(?) recovered our numismatic equilibrium and are once again, so to speak, able to understand the same (rather more coherently connected) coin language. Good for you for going on that awesome tour of some of the very finest, most interesting, fabulously scenic and amazingly historic places in Europe, and an entire month of experiencing all these old and new wonders at that! By the way, it just so happens… Read more »


Amazing coin, so old and yet so lustrous. It’s no wonder Kings, Queens, whoever would adorn themselves in the form of Gold jewelry, and on their coins as well.

Kaiser Wilhelm

That’s as good a description as one could apply to that intricately detailed and rather shiny beauty. Whatever we do or don’t know about the long gone original inhabitants of this original version of Paris, we clearly have solid evidence their coin-making abilities were exceptionally polished (puns intended).


Considering that this coin holds the distinction that only two were minted and only one is available to collectors, it holds the distinction of being in the league of the 1911 Canadian silver dollar (of which only one is available to collectors) and the 1933 U.S. gold double eagle, among others.

Kaiser Wilhelm


Excellent point, my friend. Those coins of which only one example will ever in any way be available for collectors to vie for – and additionally out of financial necessity typically reserved for the multi-millionaire variety – without a doubt occupy a very special place in numismatic hearts, minds and lore. Long live the sole exemplars!