1779 Medal Rhode Island, Wreath Below Ship Betts-563 MS(PCGS#576)

Spring 2023 U.S. Coins Auction

拍卖行

Stack's Bowers

批号

2231

等级

AU58BN

价格

23,729

详细说明

"1778-1779" (ca. 1780) Rhode Island Ship Medal. Betts-563, W-1740. Wreath Below Ship. Brass or Pinchbeck. AU-58 (PCGS). 205.0 grains. Rich dark chocolate-brown with some golden-tan undertones and a good deal of frost remaining around devices. Well struck, corrosion free, and free of flaws, this is about as nice a Rhode Island ship medal as anyone could hope for. One little natural planchet bubble is noted near the front mast, harming nothing. 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 with VLUGTENDE removed, and the later modified die with the wreath, offered here, are of roughly similar rarity with most examples in the VF to low end AU grade range. Specimens at and near the Mint State threshold are notable rarities, which fact confirms the significance of this offering for the advanced collector. Provenance: From our (Stack's) sale of the David Spence Collection, March 1975, lot 774; our sale of the Archangel Collection, October 2018 Baltimore Auction, lot 7055. PCGS# 576. NGC ID: 2AUM. Click here for certification details from PCGS. Image with the PCGS TrueView logo is obtained from and is subject to a license agreement with Collectors Universe, Inc. and its divisions PCGS and PSA.