History, Information, and Value of 1720 John Law Medal
Value of 1720 John Law Medal
This medal warns against the convincing verbiage of John Law. Obverse of this medal pictures John Law in court dress. Around his image translates, “Melac making a raid without fire or wood, on the purses of Europe, now utterly empty and turned inside out; Therefore John Law you need not expect anything here.” Reverse states, “Praise to you (Law) who art also an imposter, you have escaped the eager ravens” and “This is the result with those who, for the sake of increasing their money, eagerly seek for moneyed papers, under the names of stocks; haters of literary papers, despisers of honest money. Instead of gaining an increased property they win the censure of their creditors; paper instead of money; snares instead of paneled ceilings; and while they hear not Paul, but Saul, they follow Judas, and with him become a long letter.” The coin is dated 1720 and is unsigned.