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1/20 Real 'Leicesterstoter'

Issuer Gelderland, Province of
Year 1586-1595
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Currency Gulden (1581-1795)
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Obverse description Draped and armored laureate bust of Robert Dudley, Earl of Leicester, facing right, depicted in his capacity as Governor-General of the Dutch Republic. The portrait is rendered in a robust, somewhat crude hammered style typical of late sixteenth-century Low Countries coinage. A circular Latin legend surrounds the effigy, reading CONCORDIA RES PARVAE CRESCVNT (Through Unity Small Things Grow), the motto of the Union of Utrecht. The field is plain, and the coin's irregular flan reflects its hammered production.
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Reverse description Central design featuring a bundle of arrows — the symbol of the seven united Dutch provinces — bound with a ribbon and presented within an oval cartouche, itself enclosed within an elaborate baroque scrollwork frame or cartouche with foliate ornaments at the sides. The date 1587 appears prominently at the top of the coin, above the central device. The surrounding Latin legend identifies the coin as money of the Low Countries and Gelderland. The overall design is characteristic of the provincial coinage struck under Leicester's administration.
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The "Leicesterstoter" designation traces to Robert Dudley, Earl of Leicester, who arrived in the Netherlands in 1586 as governor-general of the rebel provinces — a role he proved spectacularly ill-suited for. Gelderland struck these billon pieces under the fractured monetary conditions of the Dutch Revolt, when provincial minting authority was exercised with considerable independence from any central standard. The .416 fineness reflects emergency-grade production rather than deliberate debasement policy.

Leicester's tenure collapsed by 1587, but the type continued under the provincial name well into the 1590s.

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