1-RARE GELDER,1st New York Penny Dutch Duit East Indies PREMIUM Grade 1,700's

Description

*One Coin Only in Display Album*
*The Rare Gelder*
"Only 3% of these coins were minted in Gelderland!"
‘1700'S Treasure of the Dutch East Indies Company’
VOC Dutch Copper Duit
AKA- 1
st
New York Penny
NETHERLAND EAST INDIES
DUIT OBVERSES: V.O.C. MONOGRAM, DATE BELOW
DUIT REVERSE: CROWNED ARMS OF THE RESPECTIVE PROVINCE
METAL: COPPER
SIZE RANGE: 20.5mm-22mm
18th Century Netherland East India Company Copper Duit - (Dutch initials: V.O.C.) From
the era of tall ships. The coin shows the arms of 1 of 4 Netherlands provinces--circulated in
Dutch colonies. a.k.a. "First New York Penny" 1726 to 1794. Appear to have been recovered
from sea.
The Story:
Dated 1720-1799 Date Our Choice - Very Good Condition
The First New York Cent
The Dutch originally settled New York and New York City, which was then known as New Amsterdam. The Duit, a copper coin issued by the Dutch East India Company, was one such coin frequently used in circulation
as a cent, earning it the title of “New York’s First Cent.” The Dutch negotiated with the Shinnecock Indians to buy the entire island of Manhattan for the equivalent of a bag of 9,600 Duits!
Origin: Holland
Date Issued: 1720-1799
Denomination: Cent
VOC Dutch East Indies Co. Copper Duits - from the era of tall ships. Set of four coins show the coats-of -arms from 4 Netherlands provinces--circulated in Southeast Asia colonial "spice Islands" 1726 to 1794. Appear to have been recovered from sea.
The United Dutch East India Company-Vereenigde Oost-Indische Compagnie (VOC) was established in 1602 with the aim of sending ships to Asia to buy pepper and spices. The VOC developed into a multinational entity with branches in a dozen Asian countries. By the mid-18th century the company employed 36,000 people. It built its own ships, some 1,500, which in total made over 5,000 journeys to Asia, where a network of trading posts were founded from the Persian Gulf to the China Sea. The company was granted sovereign powers: it minted currency, occupied territories and maintained an armada of warships and a small army, 10,000 strong, to
defend its territories, facilities, and ships. It was the first company ever to sell stock shares, and was arguably the most powerful enterprise of its kind in all of history. However, emerging British domination of the sea eventually took its toll. By 1794, the VOC was bankrupt and its assets dissolved.
It took a Dutch ship three to six months to travel from Holland to Batavia. Pirates, storms, treacherous waters, and warfare took their toll on these tall ships. More than 250 were lost during the two centuries the VOC operated, scattering countless treasure to the bottom of the shipping lanes from East Asia to northern Europe. This fact prompted curiosity about the origins of the specific group of copper duit coins from which these were selected. Where and when these coins were found is in fact shrouded in mystery. The elderly merchant of Ceylonese origin who supplied them claimed to have possessed this hoard in his family for decades. Upon close inspection, the raw coins showed clear signs of exposure to a marine environment. While we cannot know the actual origins, it is speculated that these genuine coins spent time in the sea before they were later recovered and expertly conserved. We may never know the stories these coins could tell if they could speak.
The Coinage:
To fulfill a shortage of currency in its expanding territories, from 1726 to 1794, copper duits were struck at provincial mints in The Netherlands. Coins showing the VOC monogram and the coats of arms of Holland, West Friesland, Zeeland, and Utrecht were minted for circulation in The Dutch East Indies, India, Ceylon, and Malacca.
A large number of Dutch East India copper Duits of 22 mm and 17 mm diameter (Hoberman 1981:248). Since the discovery of the Sirius, over 2′000 such coins have been retrieved in various conditions and could be a prize from the Dutch ship Waakzaamheid. The name ‘Duit’ is taken from the French ‘d’huit’ or one eighth because eight are needed for one Stuiver. These coins of 5 types are characterized by the crowned arms on the obverse.
• Arms of Holland, a rampant lion
• Arms of Zeeland, a lion rising from the sea
• Arms of Westfriesland, two lions passant guardant
• Arms of Gelders, two combatant lions
• Arms of Utrecht parted bendwise and held by two rampant lions
On the reverse the date and the VOC monogram underneath the mintmark.
Dates vary from 1728 to 1792.
No coins have been found bearing dates between 1758 and 1763 or 1767 and 1778.
Among the Duits in good conditions,
42% are of Holland,
32% of Zeeland,
10% of West Friesland,
13% of Utrecht.
***
3% are Gelders
***
More than 50% of these coins are heavily encrusted in concretion probably due to a chemical reaction in contact with tannic acid released by wood and ropes.
photo's are stock photo's-your coin will be in the same Great Grade
VOC stands for "Verenigde Oostindische Compagnie" or (Dutch) United East India Company.
Comes in a Large Display Album with
“Certificate of Authenticity,”
I also have this in a Large Display Album with Story of the coin and a "Certificate of Authenticity"
I also have this "VOC" aka 1st New York Penny in a
"4 Coin Set"
in
a Large Display Album with story of the coins
and a "Certificate of Authenticity"
***all are in my EBAY Store***
DISCOUNT ON SHIPPING FOR MULTIPLE PURCHASES
FASTEST SHIPPER ON EBAY
ALL MY ITEMS ARE SHIPPED THE DAY OF PURCHASE IF PAID BEFORE 1:00PM.
ALL ITEMS PAID AFTER 1:00PM WILL BE SHIPPED THE NEXT DAY…
*** GUARANTEED ***
***
Please don’t hold me responsible for the Post office shipping time when leaving feedback
***
Thank You for your Purchase and Please come back soon
All orders come with a 5% discount card good for your next purchase
Not Responsible for any further charges including Customs
if unsure about Customs charges contact the Customs Office in your Country
All coin orders over .99 gets a
FREE Ancient Roman Coin