Great Cities Collection: New York
Great Cities Collection: New York
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- Coin Known as "The First New York Penny"
- Founded by the Dutch as "New Amsterdam"
- VOC was the first company to issue stock and mint its own money!
The company the Dutch called the Vereenigde Oost-Indische Compagnie, or VOC, was the first company to ever issue stock, and it was such an economic powerhouse that it minted its own money. The most famous of this currency is the duit, a copper coin worth 1/160th of the gulden or gilder. (The Dutch paid 60 gilders for Manhattan, according to a Company memorandum, which means the island could have been had for a mere 9,600 duits). This one-duit coin was widely used in the New World, and came to be known as” The First New York Penny.“
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