I was immediately stunned not only by the detail of the representation of the "seahorse" but by the realisation that is so closely resembles modern accounts of the North American/Canadian creature dubbed "Cadoborosaurus", or, in more famililiar nomenclature, "Caddy".
It struck me that perhaps Caddy is a remnant from a species or subspecies which was known to the ancients - and perhaps simply taken for granted (note that the creature in the coin is highly detailed, from the fins and mane to the fluked tail). Through examining various other accounts of "shaggy" sea serpents, and assessing the worth of older accounts of Nessie and her ilk, it occurred to me that there may be isolated populations of these strange creatures, individuals from which may periodically become trapped in inland lakes. It is worth nothing that for hundreds of years, Scottish "sea kelpies" were often described as "water-horses" - a name which resonates to this day; and comports quite nicely with the maned 'sea-horse' creature shown on the coin; a creature, furthermore, that is markedly larger than the galley under which it is shown. In addition, both sea serpents and lake monsters are commonly described as having horse or giraffe-like heads. I freely admit, however, that there are equally numerous accounts which do not indicate the creature shown on the coin, with only "Caddy" forming a near-exact match.
My basic theory, therefore, is that the seagoing ancients had a reasonably good knowledge of large, horse-like sea creatures. I also hypothesise that sparse populations of such creatures may have survived to the present day, known to the cryptozoological world as the "Cadborosaurus" breed of sea serpents. I would further suggest that it is rogue members of this type of creature that have been responsible for several lake monster sightings, becoming trapped as they do in inland areas. Naturally, this theory is only that, and fails to take into account fresh and seawater environments, breeding populations, or lack of fossil records. As such, do feel free to shoot me down in flames.
