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Koban - VOC Cut and Countermarked

Issuer Dutch East India Company (VOC)
Year 1773
Type Standard circulation coin
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Obverse description Obverse of a cut Japanese gold koban fragment bearing multiple applied countermarks. The field displays the characteristic horizontal ruling lines of the original Edo-period koban flan. Two Japanese seal-type countermarks in rectangular and lozenge cartouches appear in the central and lower fields, executed in cursive script denoting fineness and issuing authority. To the right, a bold Latin inscription reading 'W.S. N 483' is engraved or stamped vertically, serving as a VOC inventory or assay notation. A small circular countermark, likely a Dutch VOC verification punch, is visible in the upper field.
Obverse script Latin
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Additional information

By the mid-eighteenth century, the VOC's trading operations in Japan were strictly confined to the artificial island of Dejima in Nagasaki harbor, and currency exchange was a constant logistical headache. Japanese koban were not accepted at face value in VOC accounts, so the company physically cut and countermarked them to assert a specific bullion valuation compatible with its own ledger system. The 1773 date likely reflects a particular authorization from Batavia governing the conversion rate applied that year.

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