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The Paper Money Coin of 1574

PCGS_SocialMediaPCGS_SocialMedia Posts: 327 mod
edited September 22, 2020 11:03AM in World & Ancient Coins Forum

The first official state-issued paper currency wouldn’t come in Europe until 1574 with emergency circumstances and with a people who made a great sacrifice. Accepted as money of necessity, the first banknote of Europe is the story of sacrifice and success. The next paper money wouldn’t come for another 87 years after under different circumstances.

Pages from prayer books were torn out and cut into planchet-size circles and compressed with multiple pieces of paper and then stamped with coinage dies, followed by counterstamping many with the Holland coat-of-arms. This coin became the first European State-issued paper money.

Netherlands Leiden 1574 Gulden pages slip apart to show sections of prayer books. – Photo courtesy of Heritage Auctions (www.HA.com) Europe MPO Auctions – Auction 58 lot 5715.

A total of eight paper money coins were issued in the denominations of 5 Stuiver (1/4 Gulden), 14, 16, 18, 20 (Gulden), 28, and 30 Stuiver.

https://www.pcgs.com/news/paper-money-coin-of-1574-the-first-paper-currency-of-europe

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Comments

  • 291fifth291fifth Posts: 24,461 ✭✭✭✭✭

    Another new fact I have learned by reading these posts. :)

    All glory is fleeting.
  • SaorAlbaSaorAlba Posts: 7,585 ✭✭✭✭✭
    edited September 23, 2020 4:41AM

    Leiden was offered a gift for their loyalty and sacrifice by William of Orange, the choice was lower taxes or a university, and the city chose the university; in 1575 Leiden University was founded. Leiden University went on to help usher in a Dutch Golden Age with scholars from across Europe going to Leiden for intellectual tolerance and reputation. Even today, Leiden University ranks in the top 100 universities around the world.

    Lower taxes or a university! Imagine the choice today.

    Paper coins were issued at other times also:

    From the city of Lille France ca. 1915.

    Tir nam beann, nan gleann, s'nan gaisgeach ~ Saorstat Albanaich a nis!
  • Namvet69Namvet69 Posts: 9,111 ✭✭✭✭✭

    This is why I like CU. Who'd a thunk...paper coins. Ingenious. Peace Roy

    BST: endeavor1967, synchr, kliao, Outhaul, Donttellthewife, U1Chicago, ajaan, mCarney1173, SurfinHi, MWallace, Sandman70gt, mustanggt, Pittstate03, Lazybones, Walkerguy21D, coinandcurrency242 , thebigeng, Collectorcoins, JimTyler, USMarine6, Elkevvo, Coll3ctor, Yorkshireman, CUKevin, ranshdow, CoinHunter4, bennybravo, Centsearcher, braddick, Windycity, ZoidMeister, mirabela, JJM, RichURich, Bullsitter, jmski52, LukeMarshall, coinsarefun, MichaelDixon, NickPatton, ProfLiz, Twobitcollector,Jesbroken oih82w8, DCW

  • SYRACUSIANSYRACUSIAN Posts: 6,461 ✭✭✭✭

    Ingenuous indeed! The Dutch were and still are ahead in the thinking of all sorts of things. They might not get into writing codes and algorithms, because the ideas that became Uber lucrative jobs are in the US, But the Dutch are again two steps beyond, although a bit too austere economically IMO.

    Incredible currency. Would such a thing be graded by PCGS coin or currency division? 😋

    Dimitri



    myEbay



    DPOTD 3
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