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    Description

    The Famous Dutch-Brazilian "Ducat"

    Pernambuco. Geoctroyeede West-Indische Compagnie (GWC) gold Klippe 6 Guilders (Florins) 1646 MS63 NGC, KM6.3, Fr-2, LMB-O4. Lozenge after BRASIL, period after VI. A fairly horizontal strike on both the obverse and reverse, and crudely produced---as is the case for all of these corresponding issues. Nevertheless, the state of preservation is quite remarkable, as the surfaces are lustrous and magnificent, and all the lettering is sharp. As such, exceedingly rare for this series, as attractive, mint state examples are difficult to encounter. An important factor in their rarity is the fact that they were only legal tender in the colony and not in the mother country of Holland, where they had to be converted into Dutch Guilders (and where these "Brazilian Ducats" were commonly melted). Similarly, within the colony, Portuguese or Brazilians were also at risk if found to be carrying this rival currency, therefore, many were converted and melted as well. An excellent opportunity for the advanced collector of South American and/or colonial issues. A similar piece---without the lozenge and period, and an NGC MS62---realized a hammer of $55,000 in our 2016 CICF auction (sale 3046, lot 29523).
    From the Ipanema Collection




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    Auction Dates
    April, 2018
    20th-23rd Friday-Monday
    Bids + Registered Phone Bidders: 13
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