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The Privateer Collection by Elemental mint was an extremely popular series. The Kraken was the fourth round of this series.
The obverse of this round features a skull centred over a ship's wheel, with the wheel set over a tattered sail. Entwined with the wheel is a braided line. Encircling the top of the skull is the phrase, "No Prey, No Pay". This was a common pirate law meaning a crew received no wages but, rather, shared whatever loot was taken.
The reverse features the Kraken attacking the Privateer ship.
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