This extremely historic token was thought to have been developed during the second half of 1779, after Spain joined France in declaring war on England. This token was minted in England as a propaganda piece intended for the Dutch Empire. The English wanted to commemorate their naval and land victory over the Americans at Newport, Rhode Island in August 1778. It was to the advantage of the British Empire for Holland to stay neutral in the war along with Russia, Denmark and Sweden.

This token depicts British Admiral Howe's flagship at anchor on the obverse and shows the "cowardly Americans" in retreat with their French allies on the reverse. It circulated extensively in Holland as a coin. The tokens were struck in brass or copper. Only a few surviving examples are known in pewter. Despite the best intentions of this token and the British government, the Dutch ultimately joined the League of Armed Neutrality on December 20, 1780. This diplomatic failure by the British would cause them to spread their navy too thin during conflicts in the West Indies and the Atlantic. Lord Howe would commit a serious blunder by abandoning Rhode Island shortly after the battle for the relative safety of New York. This enabled a powerful French force under Rochambeau to join up with Washington and his army in Newport and, after a long march to Virginia," spring the trap" on Lord Cornwallis at Yorktown, essentially ending the Revolutionary War in October 1781.