||Netherlands � Siege of Leiden 5 Stuiver 1574 P-S101b. PCGS New 62. One of most fascinating historical currencies in the Newman Collection. It may be classified as the earliest European paper money, but it is also properly classified with siege coins. Issued during the early part of the Eighty Years War (1568-1748) when the Spanish were holding siege around Leiden's dikes. Generally, siege coins were struck upon citizens' silver plate and copper, church vessels, or anything that could be put to emergency use for money. In this intriguing case, shredded prayer books and bibles were made into a macerated pulp and formed into pressed cardboard-like sheets. The sheets were than impressed with dies and either struck in collars or trimmed into perfectly round "coins." The face (obverse) has arms and rampant lion at center surrounded with motto PUGNO PRO PATRIA (I fight for my country) and date 1574. The reverse with fancy bordering and inscription LVG/DVNVM/BATAVO/RVM (Leiden in Batavia). This is a top-grade example. Perfectly round and struck-up well on both sides, particularly the back (reverse). There is a short fissure observed on the back as made, but the face looks perfect. Superior to the Neil Shafer "Money of the People" collection example which had some adhered wax from an old seal and realized $3,450 in June 2014. Rarely offered, especially in American sales. This is an important artifact reflecting the tumultuous wars crossing Europe centuries ago and the unusual emergencies created. Ex: Eric P. Newman Numismatic Education Society.
From Newman X (Heritage Auctions, November 2018), lot 20014, realized $2880.