On July 1, 1863, exactly six months after Abraham Lincoln signed the Emancipation Proclamation freeing the slaves in the Confederacy, Governor J.C. Crol did the same for Curaçao and the five other Dutch dependencies in the Caribbean. 12,000 people were freed, over 7,000 of them on the island of Curaçao. The emancipation is still annually celebrated in the Dutch Caribbean, and in honor of the sesquicentennial the Central Bank of Curaçao and St. Maarten has issued a legal tender 5 gulden coin.
The new coin, limited to only 750 pieces worldwide, commemorates the occasion with a vivid rendition of the Tula Monument, a famous landmark on the island's south coast. On August 17, 1795, a slave named Tula led about 50 slaves in a fight for freedom. They were joined by as many as many as a thousand slaves at the height of the revolt and went into jails, sugar plantations, and farms to free others. The fight lasted a month and is remembered today as the first step towards emancipation. The monument marks the spot where Tula and his compatriots were captured, tortured, and executed. The legend Verbreek de Ketenen refers to “breaking the shackles (or chains)” of slavery.” The coin is made only in proof quality. It contains 11.90 grams of .925 fine (sterling) silver. The diameter is 29 millimeters