Dutch East Indies, Holland. VOC Duiten 1734/1791 (totaal 9 verschillende)

Dutch East Indies, Holland. VOC Duiten 1734/1791 (totaal 9 verschillende)

Dutch East Indies, Holland. VOC (Dutch East India Company) Duiten 1734, 1735, 1744, 1745, 1746, 1750, 1751, 1766 and 1791 (a total of 9 different ones).

Extra information:
During the 1594–1602 period, various so-called 'long-distance companies' traded in the orient. These various independent companies were often involved in fierce mutual competition, which was detrimental to the profit. The government therefore decided to found one single company. In 1602, the Dutch East India Company (V.O.C.) was established, which acquired exclusive rights in the Netherlands to trade with Asia. In 1799 the V.O.C. ceased to exist.

The 'long-distance companies' traded using the Spanish reales (Spanish dollars), among other currencies, which were even restruck in Dordrecht and Middelburg. The later V.O.C. also used the reales, in addition to the high-value Dutch gold and silver coins that were already in circulation here. Examples of these are the gold ducats and silver leeuwendaalders, rijders and rijksdaalders. In case of great shortage of minted currency, permission was sometimes granted to export gold and silver ingots. Due to the need for small change, schellingen, double stuivers and single stuivers were also brought to the orient later on, as well as duiten starting from 1724. This first shipment of duiten consisted of the regular Dutch type from the Dordrecht mint. However, in Asia a duit was worth ¼ stuiver instead of ⅛ stuiver, so twice as much. This encouraged a substantial illegal trade of duiten to Asia, which soon led to the decision to create a custom V.O.C.-type coin. Only this custom type was declared valid. The reverse side of most of these duiten only shows the coat of arms of the province they were struck in, and no other text. The obverse depicts the V.O.C. monogram with the year below it. This new type was first struck in 1726.

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Lot details
Dutch East Indies, Holland
VOC Duiten
Year/Period and Variation
1734/1791 (totaal 9 verschillende)
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