The first banknotes of the Netherlands Antilles were introduced at the beginning of the nineteenth century. Before then, silver and golden coins, of which numerous were counterfeited, were used. One of the coins circulating was the Golden Joe. This was a very high value coin at the time, and was therefore regularly targeted by counterfeiters and other rogues who cut off small pieces, or even hollowed them out and filled them with solder. By 1818 the situation had become so problematic that the citizens no longer wanted to accept the Johannis as payment, whether unadulterated or not.
Stringent measures were needed to restore trust in gold coins and all Johannises were confiscated and replaced by a paper receipt stating the number of coins they had handed in.