The obverse of the round features the stern of a pirate ship. It is being tossed in the waves, and a pirate flat reminiscent of the image on the obverse flies in the upper left. To the right is the moon, which is partially obscured by clouds.
Obverse lettering
Obverse script
Reverse description
The reverse side of the round uses the common design on all Privateer Series rounds. In the center is a human skull, which serves as the focal point of a boat’s helm that is wrapped in rope. Around the design are the engravings “No Prey, No Pay,” and the weight, metal content, and purity of the round.