View All Period of Discovery (1556-1631), Betts 1-33

1596 Silver Medal Betts-16, American Commerce

Strike Type
Medals coin

Coin Details

Denomination
Medals
Strike Type
Regular Strike
Series
Betts Medals (1580-1784)
Composition
Silver

Auction Record

Price realized
$11,633
Sold
Grade
AU50
Auction house
Heritage Auctions

Description

This 1596 silver medal, Betts-16, commemorates American commerce during the late sixteenth century when European trade networks were expanding into the Western Hemisphere. The medal reflects the growing economic importance of transatlantic trade routes connecting Europe with New World resources including precious metals, furs, and tobacco. By 1596, Spain's monopoly on New World trade was being challenged by English, Dutch, and French merchants and privateers, creating a complex web of legitimate commerce and piracy. This medal provides a rare numismatic window into the commercial motivations that drove European colonization, complementing the more common military and political themes on contemporary medals.

Cross References

Betts-16

External References

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