Watch List notes:

Turks and Caicos Islands, silver restrike (1971) of the British Phipps medal of 1687 commemorating the salvage of the Concepcion (sunk 1641). 55 mm; 102.42 grams; the case about 4-1/2" square. Bright UNC with prooflike luster and deep rainbow toning throughout (with a 3D "sunrise" effect on reverse), some wispy hairlines in fields, original hallmark 0224 on edge. This is an exact replica of the famous medal issued in 1687 to commemorate the salvage of the Spanish wreck Concepcion (1641) by New Englander William Phipps, this restrike scarce in its own right due to large-scale silver melting in the 1970s. Popular opinion is that the Turks & Caicos struck this medal to stake their claim on the wreck, which is nearby, but in the end the Dominican Republic had the gunboats to enforce their own claim instead. Housed in original clamshell box with certificate #0224 dated June 1, 1971.

Estimate: $150-225