Æ 23.2mm diameter, 2.94gm. G above double-headed eagle, star to left, annulet to right. Shield with the city arms below, 15 - 90 at sides. R. Four pellets. Neumann 12613.
Ex David Rogers collection.
These tokens were given by magistrates to their friends and could be exchanged for beer or wine and later for 3 stuivers.
The double-headed eagle, was influenced by the city’s membership in the Hanseatic League, a European commercial monopoly that facilitated trade in Groningen until the 1530s.
By 1609, the Netherlands was independent and all local tokens were declared obsolete and removed from circulation. The Virginia Company may have purchased the coins for use at Jamestown where 17 of these tokens have been found, most of them dated 1590, with others dated 1583 or 1591.
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