1779 Medal Rhode Island, No Wreath Below Ship MS(PCGS#588)

November 2017 Baltimore U.S. Coins Auction

拍卖行

Stack's Bowers

批号

4043

等级

MS62

价格

43,756

详细说明

Handsome Mint State Rhode Island Ship Medal "1778-1779" (Circa 1780) Rhode Island Ship Medal. Betts-562, W-1730. Without Wreath Below Ship. Brass. MS-62 (PCGS). Marbled antique gold and steel gray patina greets the viewer from both sides of this boldly defined and aesthetically pleasing example. Grade defining blemishes are few in number and easily overlooked by the unaided eye. The popular Rhode Island Ship medals continue to fascinate and baffle numismatists. They are believed to have been struck around 1780, though by whom and for what reason remains unclear. The reverse of the medal depicts the Continental Army's withdrawal from Aquidneck Island in August 1778 surrounded by the British fleet commanded by Admiral Lord Richard Howe. The Americans' retreat was necessitated by the withdrawal of a covering French fleet under the Comte D'Estaing to Newport after receiving considerable damage in a storm. The obverse has been the subject of debate as to what it portrays. For generations, it has been assumed that it is a satirical representation of Lord Howe's flagship fleeing Narragansett Bay in 1779, an interpretation in part based on the earliest versions of this medal bearing the word VLUGTENDE ("fleeing") underneath Howe's ship. The most recent scholarship asserts that instead of a pro-American medal, it is actually a British medal intended for the Dutch market, or even an entirely Dutch product created to help garner support to the British cause in the global war for empire that raged throughout the 1770s and 1780s and of which the American Revolution was only a small part. With this current interpretation of the medal, it would appear that if it was intended to influence Dutch feelings towards a more pro-British position, it failed in its purpose. Often at loggerheads with each other, British and Dutch relations were very tense, culminating in December 1780 when the Dutch joined other European nations in the League of Armed Neutrality. The League was established as a counter to the British Royal Navy's policy of intercepting neutral shipping in search of French supplies. Rhode Island Ship medals with VLUGTENDE are of the highest rarity, often with decades between auction appearances. The transitional type, offered here, as well as the later modified die with the wreath are of roughly similar rarity with most examples in the VF to AU grade range. Mint State specimens are notable rarities. PCGS# 588. NGC ID: 26LC. PCGS Population: 3; 7 finer (MS-65 finest).