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Lot 38

(c. 1779) Rhode Island Ship
Medal, with wreath. Breen-1142. Betts-563. PCGS graded MS-64. One of
the very finest known specimens of this rare issue, with two seen this high at
PCGS, and none higher out of a total of 7 graded by that service. The surfaces
are simply amazing for this issue, often these are found with corrosion (see
below), not so here, the surfaces are mint fresh and well preserved. As to the
strike, we note full details on even the tiny flags atop the ships masts, and
just trace weakness on the central ship portholes perhaps caused by die failure
as this is a late obverse die state. The reverse is boldly struck, and the
color is a steel lustrous gray throughout. We do note a minor die crack through
the upper right above the ship, and a die lump on the rigging of the foremast.
Much better than the specimen offered in Roper, Robison, Garrett, Norweb and
others, and long known to be represented by just a few known struck in pewter.
Of those listed in the census below, most seem to be of this die pairing.
One side of the token depicts Conanicut Island, with rows of American and
French soldiers marching with weapons towards small boats offshore to the
right, while Howe's 3 menacing triple masted ships lie just offshore, with the
legend loosely translated "Americans fleeing Rhode Island August 1778" while
the obverse (ship side) shows a proud 3 masted ship (Howe's) with its sails
furled but flags flying proudly and the legend surrounding something like
"Admiral Howe's flagship, 1779, " but importantly the word "vlugtende"
(fleeing) has been removed below the ship on the die (the die was reannealed
and a wreath was placed below the ship). Breen does not note if these coins
have been punch matched to any other known coiners, and the engraver, mint and
designer remain to be discovered. Why these satirical coins were struck
remains a mystery, Breen deciphered the legends in the historical context to
refer to Conanicut Island in Narragansett Bay west of Newport. Loosely
translated, the legends state "The American's had to run away in 1778, now
there goes Adm. Howe the same way in 1779". Admiral Richard Howe and Henry
Clinton of Great Britain were in Colonial America to stop the rebelling
American's, and these two leaders nearly had it out with Colonial and French
troops off Conanicut Island. However, a storm came up as the two navy's
jockeyed for position, and both sides retreated, leaving the battle for later.
Howe retook Conanicut Island in August of 1778. Fifteen months later, the
battles had turned, and Howe retreated from Conanicut island in a hurry leaving
it for the American and French forces. On a few examples the word "vlugtende"
is below the ship, which means "fleeing" (referring to Howe), and apparently
the coiners feared reprisals for memorializing his retreat in such an insulting
manner, so the dies were changed to remove the offending word, and a
politically acceptable wreath was put in its place. Estimated Value
$7,000-10,000. Here is a census of those we could reasonably locate:
1). The specimen offered here from the Paul Arthur Norris Collection PCGS
graded MS-64, previously from our Benson Collection Sale, 2/2001:34. Apparently
tied for the Finest Known (Norris upgraded to this coin from specimen #3
below) 2). Another, not seen PCGS MS-64. 3). The Paul Arthur Norris specimen,
PCGS MS-62 (plate) our Benson sale 2/2001:35. Rim clip at 4:00 o'clock on the
obverse. 4). Another, not seen, PCGS graded MS-60. (probably one of those
listed below). 5). Kagin's 332 sale, 2/83:1006 (plate)," AU-Uncirculated, small
spot in upper right obverse field". 6). Kagin's 313 GENA Sale, 9/78:1770
(plate) "About Uncirculated-55". 7). The Parsons/Ellsworth/Garrett specimen,
Bowers & Ruddy 10/80:1328 (plate) "EF or better" at $5,000. Identifiable by a
small scratch above stern flag. 8). Paramount's Burnheimer Sale, 5/76:502
(plate) "AU-50 Several areas of roughness near the rims as is usually
encountered on pewter pieces" at $2,050. 9). The Norweb specimen, Bowers and
Merena Galleries, 10/87:1262 (plate) "EF-40, spots of corrosion" at $1,000.
10). NERCG's Commonwealth Sale, 7/77:34 (plate), "VF-35 choice surfaces and
color" at $1,000. 11). The Roper specimen, Stack's 12/83:174 (plate), "VF, 3 or
4 spots of tin pest obverse". 12). New Netherlands 48th sale, 11/56:792 (no
plate) "VF somewhat defective mainly about the periphery, recently obtained
abroad" and almost certainly the same specimen as New Nethlands 51st sale,
6/58:183 (no plate) "VF slightly imperfect as always; edge scaly and irregular,
obtained in England". 13). Robison specimen, Stack's 2/82:71 (plate). "VF
holed".
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