King James I English Laurel coin, Richmond Island, 1623

Contributed by Maine Historical Society

King James I English Laurel coin, Richmond Island, 1623

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This Laurel coin, an English gold coin with a value of twenty shillings, was part of a trove of coins hidden by Walter Bagnall on Richmond Island. The coin was named for the depiction of King James' head decorated with a laurel crown. The text stamped on the coin read "JACOBUS.D.B.MAG. BRIT.ET.HIB.REX.," or "James by the grace of God King of England..."

Bagnall was the first European settler on Richmond Island, near Cape Elizabeth, in 1628. He became wealthy by cheating the Wabanaki, specifically the female leader Warrabitta’s family, at his trading post. According to Massachusetts Governor Winthrop, "Bagnall...was a wicked fellow, and had much wronged the Indians."

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About This Item

  • Title: King James I English Laurel coin, Richmond Island, 1623
  • Creation Date: 1623
  • Subject Date: 1623
  • Town: Richmond Island
  • County: Cumberland
  • State: ME
  • Media: Gold
  • Local Code: 819*24
  • Object Type: Physical Object

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For more information about this item, contact:

Maine Historical Society
485 Congress Street, Portland, ME 04101
(207) 774-1822 x230

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