Watch List notes:

NETHERLANDS. Dutch Revolt. Siege of Amsterdam. 5 Stuivers, 1578. PCGS AU-58.
Korchnak-22; Mailliet-pl. IV #13; van Gelder-112A; MO-4.17.2.7. Weight: 3.35 gms. 22 mm x 21 mm. Siege: December 1577 to 8 February 1578. Variety with Vase privy mark. Irregular octagonal uniface flan with crowned arms of Amsterdam within beaded border flanked by denomination (V-S) and date (15-78); vase privy mark above. This attractive and wholly original looking survivor exhibits rich pervasive slate patina. The central strike is bold, though the beaded border in the upper right quadrant is a bit weak, while the privy mark is full and complete with good definition. Clearly this example was given great care and sat for a prolonged period of time undisturbed adding to its originality and pleasing appearance.

Amsterdam being a Catholic city was loyal to Spain and were hesitant to join the revolt. On 8 February 1578, the city reluctantly and only after being blockaded did they join against Spain. The cities council was replaced with Protestants who were loyal to William of Orange. During the blockade there was a shortage of specie in commerce and the city was given authority to strike the necessary coins, though they needed to procure superfluous silver. As it turns out that silver that was gathered was the statue of the city's patron saint, St. Nicholas.

Estimate: $900 - $1200