Price: P.O.R - - SOLD - 5/27/2010* Free Shipping and Insurance for coins at $10K or above.
1779 Rhode Island Ship Token, No Wreath PCGS MS62RB - Not much is known regarding the origin of these tokens, or more correctly medals, except that they are rare and always in demand. Because of their relationship with the United States via its devices, it has been linked to that country. However, no sufficient proof has been found in contemporary references that these pieces were meant for the American market or ended up there. Some, no doubt, were brought into the young United States by immigrants, but most remained in Europe until modern times, were they were often mistreated by unconscious collectors. As such, original pieces, in any grade are extremely scarce.
There are three different varieties, struck in either brass or Copper, and in one case pewter. The present coin was struck in copper, which tend to be heavily and darkly toned over the centuries. This coin, however, has retained part of its red color, and is the only piece designated as such by PCGS. This, of course, further adds to the desirability of this fascinating piece. Luster is visible in the protected areas, and overall this piece appears to be completely original.
Originally, the Dutch word vlugtende was under the ship, meaning fleeing. However, only a single piece with that word in place is still known to exist, all other specimens, such as this one had the word removed after it had been struck. Why this was done remains unclear, the majority of numismatic researches have concluded that the word was spelled wrong, and that the correct spelling would have been vluchtende, having the same meaning. However, while in modern Dutch the latter indeed is correct, vlugtende was a regular word in the 19th century, as is appeared on the reverse of these coins, where it also appears. Unless any documents concerning this issue are found in any archive, it will remain unclear why the word was almost always removed. This coins represents a rare opportunity for the specialist of pre 1792 coinage.
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