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Rijksdaalder 'Leicesterrijksdaalder'

Issuer Holland, Province of
Year 1586-1587
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Value 1 Thaler (Daalder)
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Obverse lettering ❀ CONCORDIA· RES· PARVÆ· CRESCV9 – HOL·
(Translation: Unity makes strength)
Reverse description Central crowned shield divided into six quarters displaying the arms of Gelderland, Flanders, Holland, Zeeland, Utrecht, and Friesland, representing the confederated provinces of the Dutch Republic. The shield is contained within an inner circle, with the date of issue placed prominently above. The encircling legend names the issuing authority of the United Provinces in accordance with Imperial law. The heraldic execution is characteristic of the engraving conventions of the Dutch revolt period.
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Additional information

Holland struck these pieces during the chaotic interlude when Robert Dudley, Earl of Leicester, governed the Dutch Republic as Governor-General under English authority — a role he accepted in January 1586 despite Elizabeth I's public displeasure at the title her favourite had accepted. His administration was fractious from the start, plagued by accusations of corruption and open conflict with the States-General over trade policy with Spain.

Leicester was recalled to England in 1587, and his brief tenure left this two-year window as the sole occasion Holland's coinage bore any reference to English overlordship.

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