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In 2022, a new series of Golden Ducats has started, in which we continue to explore the Dutch trade history. Until 2025, we will highlight a different commodity each year, that played an important role in Dutch trade history during the Golden Ducat. We continue the series with the trade in cinnamon.
- Mintage of only 1,140 coins.
- Sold out at the mint.
- Contains .1104 oz of .983 fine gold.
- Comes housed in a wooden box accompanied with a certificate of authenticity.
- Obverse: The Latin phrase "Concordia Res Parvae Crescunt" is engraved, which means “Small things flourish by concord” or better known as “Unity makes Strength.”
- Reverse: The Latin "Mo. Aur. Reg. Belgii Ad Legem Imperii is found," which means “Gold coin of the Kingdom of the Netherlands by law of the Empire.”
- Guaranteed by the Royal Dutch Mint.
Protect your gold in storage from the adverse effects of moisture in the air by adding these silica gel packets to your order.
This stunning gold proof coin is loved around the world for its classic, restrike design. Add the 2023 Netherlands Single Gold Proof Ducat to your cart today!
About Cinnamon Trade
Today, it’s easy to buy a jar of cinnamon in the super market, without having even one thought about it. This was quite different a few decades ago. Around the year 1600, there was only one area known that produced cinnamon: Ceylon, an island that we know today as Sri Lanka. Only one production area and many enthusiasts around the world: that meant heavy competition within the overseas trade. Cinnamon thus became one of the spices the VOC was eager to trade in. With the help of the natives, the Portuguese were driven out of Ceylon in the mid-17th century. This way, the VOC controlled the entire cinnamon trade for many years.
Cinnamon is a beloved spice for over decades. It’s not only used for baking, but also for cooking and making drinks. Traditionally, cinnamon was also used as a remedy for colds, problems with digestion and even bad breath. Logically, the VOC did everything in its power to gain the monopoly on this trade.
About the Royal Dutch Mint
The Royal Dutch Mint is a company owned entirely by the Dutch State, and since 1807 is the only Dutch entity that is allowed to strike and issue coins.
On September 17, 1806, when The Netherlands was under the rule of King Louis Napoleon, he decided that the striking and distribution of coins should be by a single, national body. This was in contrast to the Middle Ages custom of large trading cities having their own mint and coins, which resulted in several coins circulating within the country, and many levels of controlling bureaucracy.
Originally it was the intention to found the mint in the capital city of Amsterdam but, since there was insufficient finance available, it was decided to locate the national mint seat in Utrecht.
After Napoleon was defeated in 1813, and the Kingdom of the Netherlands was founded with William I as king, the mint was renamed as Rijks Munt. What is now known as Belgium was a part of the new kingdom, and a second mint was located in Brussels. When Belgium achieved independence in 1839, the Rijks Munt became the only mint in the Kingdom of the Netherlands. The provincial coins had been minted before the unification of the mint were still in circulation. Due to their relatively high intrinsic value, the "new" coins would only gain popularity with the passage of time. In 1849, the provincial coins were officially taken out of circulation.
In 1901, the company was placed under the supervision of the Ministry of Finance, and in 1912 the mint officially became a company owned by the state. At the end of the German occupation during the Second World War in 1944, coins were produced in the United States. This was necessary to ensure that there would be enough currency available after the liberation. In 1994, Rijks Munt was renamed as De Nederlandse Munt NV. It became a company with 100% of its shares owned by the Dutch State. The queen awarded the company the prefix Koninklijk (Royal) five years later, and the company was then allowed to call itself De Koninklijke Nederlandse Munt (The Royal Dutch Mint).
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