The New York City we know and love didn't start out as a concrete jungle! The first European settlers on the island of Manhattan were Dutch traders from the Dutch West India Company. After settling, the company the Dutch called the Vereenigde Oost-Indische Compagnie, or VOC, was arguably the most powerful company of all time. They were also the first company in history to issue stock! The VOC was so powerful that they minted their own currency.
The most famous of this currency is the duit, a copper coin worth 1/160th of the gulden or gilder. The island of Manhattan was bought for 60 gilders, which means the island could have been had for a mere 9,600 duits! Imagine purchasing New York City for that little! This one-duit coin was widely used in the New World, since currency was not standardized before the United States were formed, and came to be known as ”The First New York Penny". Complete with story card and certificate of authenticity, this duit is displayed in a luxurious black box with an old image map of Manhattan!
- Relic of Colonial New York
- Certificate of authenticity
- Black display box