1790 Dutch East India Company Copper Coin

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1790 Dutch East India Company Copper Coin - "New York Penny"

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Vintage Collection

Product Code: VT257

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Description

This is an authentic copper Duit minted by the Dutch East India company in 1790. A duit is small copper trading piece used like money created in the 17th and 18th centuries. They were used throughout the Netherlands until the early 1800s. When the Dutch purchased Manhattan Island in the 1600s, settlers brought these Duit's with them giving them the nickname "New York Pennies." The coins have the monogram VOC which is the symbol of the Dutch East India Company. The reverse has the Crowned Utrecht Coat of Arms flanked by lions.

The Dutch East India Company (Verenigde Oost-Indische Compagnie or VOC) was the world's first multinational company and the first to issued shares of stock. They were granted a trade monopoly by the Netherlands and had quasi-government powers including the ability to wage war, strike coins, negotiate treaties and even establish colonies. The VOC backed explorer Henry Hudson who claimed Manhattan for the Netherlands in 1609. They called it New Amsterdam. It was later renamed New York. Trading of VOC shares lead to the worlds first stock exchange. Original stock certificates from the Dutch East India Company have auctioned for over $1,000,000.

Dutch East India Company Copper Duit - Aka "New York Penny"

Copper
Approx 3/4"
Age: 1790
Condition - VG; as pictured