Gold Medal, Given by Frederick Henry to Piet Hein

As a token of gratitude for capturing the Silver Fleet, Stadholder Frederick Henry presents Piet Hein with this gold medal of honour. And deservedly so: the cargo he seized, mostly South American silver, is worth no less than 11.5 million guilders, an astonishing amount. The Republic can amply finance the war for the time being, while Spain has hardly any money to spend on it.

Gold Medal, Given by Frederick Henry to Piet Hein

As a token of gratitude for capturing the Silver Fleet, Stadholder Frederick Henry presents Piet Hein with this gold medal of honour. And deservedly so: the cargo he seized, mostly South American silver, is worth no less than 11.5 million guilders, an astonishing amount. The Republic can amply finance the war for the time being, while Spain has hardly any money to spend on it.