E-auction 410-322585 - fwo_647466 - NETHERLANDS INDIES 2 1/2 Cents 1920
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| Estimate : | 15 € |
| Price : | 8 € |
| Maximum bid : | 9 € |
| End of the sale : | 22 February 2021 17:12:30 |
| bidders : | 6 bidders |
Type : 2 1/2 Cents
Date: 1920
Quantity minted : 48000000
Metal : bronze
Diameter : 31 mm
Orientation dies : 6 h.
Weight : 12,46 g.
Edge : lisse
Catalogue references :
Obverse
Obverse legend : NEDERLANDSCH INDIE // . 2 1/2 CENT // 19-20.
Obverse description : écu au lion couronné.
Reverse
Historical background
NETHERLANDS INDIES
In 1602, the Vereenigde Ooste Indishe Compagnie (United East India Company) abbreviated as VOC was founded, which obtained the monopoly of trade in the Indian Ocean. It establishes counters, raises troops and maintains a fleet. Badly managed, the VOC is also worn down by competition and wars with the British. It loses Ceylon and is reinforced in the area of present-day Indonesia. The VOC went bankrupt in 1798 and its assets were taken over by the Batavian Republic and then by the Kingdom of the Netherlands. Occupied between 1943 and 1945 by Japanese troops, the Dutch failed to restore their sovereignty over the archipelago and had to concede independence in 1949.
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