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    The first coin struck in Brazil by the GWC

    Pernambuco. Dutch Colony gold 3 Florin (60 Stuivers) Brazilian Ducat 1645 Choice XF, KM5.1, Russo-001. An incredible rarity, the entire issue of 1645 were struck from the same pair of dies; all the letters in "BRAZIL" are connected and and a die crack "stabs" and run through the letter "G" in "GWC".

    On July 10th, 1645, the Dutch Galleon "Zeeland" ported in the Brazilian northern city of Recife to be loaded with sugar and other goods for transport back to Holland. It also brought in its cargo, from the Dutch African colonial post in Guinea (today Ghana), about 308 kilos of gold. At the time, virtually all of the gold coins struck in the Dutch provinces came from the mines of Guinea.

    In a difficult and unstable military situation in Recife, which had been surrounded by Portuguese-Brazilian troops, the GWC "reallocated" about 90 kilograms of gold from the cargo to strike coins to pay workers and troops. In August of 1645, the first coins were struck in 3 denominations of 3, 6 nd 12 Florins. By order of the homeland, the "Brazilian Ducat" was to have its weight reduced by 20% as to limit the circulation of the coins to the colony. The vast majority of these coins were melted after the Dutch were repelled from South America.

    Auction Info

    Auction Dates
    August, 2014
    8th Friday
    Bids + Registered Phone Bidders: 8
    Lot Tracking Activity: N/A
    Page Views: 1,393

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