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12 Florins Dutch West India Company, Recife Mint

Issuer Dutch West India Company (Geoctroyeerde Westindische Compagnie)
Year 1645-1646
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Weight 7.72 g
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Obverse script Latin
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Reverse description Square klippe flan with clipped corners, matching the obverse in format. The central field displays a three-line inscription in bold Roman capitals arranged within a raised circular dotted border: ANNO on the upper line, BRASIL on the middle line, and the date 1646 below. A small lozenge or dot punctuation mark appears after BRASIL on certain die varieties. The lettering is deeply engraved and boldly rendered, typical of the emergency coinage struck at the Recife Mint during the Dutch occupation of northeastern Brazil.
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The Recife mint operated for barely two years, established by the Dutch West India Company during its increasingly desperate effort to hold northeastern Brazil against a Portuguese-led insurgency that would ultimately expel them by 1654. These florins were struck to pay troops and maintain commercial operations as the WIC's grip on New Holland collapsed — the Company had already absorbed catastrophic losses funding the Brazilian colony and was on a financial trajectory toward its 1674 bankruptcy.

Recife remains one of the few mint operations ever established by a joint-stock trading company on foreign-conquered soil. The facility closed when Portuguese forces retook the region.

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