Auction: 344 - The Numismatic Collector's Series Sale at Grand Hyatt, NY INC
German States, Hamburg, Freie Hansestadt, gold Bank Portugaloser of 10-Ducats, 34.83g, 1689, signed on the obverse
The Burmester (or Burmeister) family was one of the largest and most important merchant families in Hamburg during the 17th century. They were heavily involved in the flourishing trade between the city and Portugal, a trade which went via Amsterdam, and also naturally involved the main Mediterranean trading port of Venice. Hinrich Burmester is honoured here as the senior member of this important family and the senior Hamburg merchant at this time, a tribute that no doubt pleased his kinsman Peter Burmester, who was the President of the Hamburg Commercial Deputation (Chamber of Commerce) from May 1687 to May 1689.