DENMARK. Speciedaler, 1671. Copenhagen Mint. Christian V. NGC MS-60.

Splendid Trade Speciedaler with Rare Edge Lettering Produced for the Danish East India Company DENMARK. Speciedaler, 1671. Copenhagen Mint. Christian V. NGC MS-60. Dav-409B; KM-318; Hede-63B; Sieg-60.2; Schou-8; Bruun-6760. Weight: 28.36 gms. Mintmaster: Gotfred Krüger (GK). Engraver: Jeremias Hercules. An excellent specimen with a splendid luster and exceptional details in the unusual, somewhat stylized, yet charming portrait. Extremely rare variation with the following edge lettering: PIETATE ET JUSTITIA ANNO MDCLXXI. The Danish East India Company (Dansk Ostindisk Compagni) was created on the initiative of Christian IV as the first Danish shareholding company. The king was the largest shareholder, but among the investors were nobility and citizens in Denmark, Norway and the duchies. The intention with the establishment of the company was to gain a share in the trade in spices, silk and cotton on a par with Holland and England, and the company was given a monopoly on trade with Asia by sea. In 1618 the first expedition was sent, and as a result the trading station of Tranquebar was established on the Coromandel coast in south-east India. In the first years the financial yield was, however, modest and the company was dissolved in 1650. It was not until 1668 that a ship was again sent from Denmark-Norway to Asia, and in 1670 a new East India Company was established. As the trading goods were predominantly paid for in silver, the newly started company funded the present mintage, which they had obtained the privilege to mint at the Royal Mint in Copenhagen. At the end of the 17th century, trade experienced better business conditions and it was possible to send out an average of two ships per year. Estimate: €15,000 - €20,000. Provenance: From the L.E. Bruun Collection. To view supplemental information and all items from the L.E. Bruun Collection, click here. Please note: Bid amounts do not include VAT. Buyers which are non-VAT registered entities or individuals who take delivery of lots within EU countries subject to margin scheme taxation will be invoiced a VAT charge and a Buyer’s Premium for a total of 27.5% based upon the total amount of the hammer. Please see the Terms and Conditions. Click here for certification details from NGC. Additional image by NGC Photo Vision. Learn more at NGCcoin.com

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