The 1942 film "The Black Swan", is about the notorious 17th century pirates of the Caribbean, many of whom wear coins as medallions. The film stars Tyrone Power as Jamie Waring, Maureen O'Hara as Lady Margaret Denby. It is based on Rafael Sabatini's novel of the same title. In 1674, England's King Charles II appoints notorious pirate Henry Morgan as governor of Jamaica. Morgan's mission is to end piracy in the area and he enlists several of his pirate associates to work for him. Among them is Captain Jamie Waring, who arrives, meets, and falls for Lady Margaret Denby, the daughter of the previous governor. She is engaged to another man and the two continually fight. Tommy Blue is Jamie's assistant. Captain Leach and some pirates decide not to join Morgan but to continue piracy. Lady Margaret's fiancee is secretly giving shipping information to these pirates. Eventually Jamie takes to sea to chase Leach, and kidnaps Lady Margaret to bring her along. The pair are captured by Leach, and have to pretend to be married to avoid being executed. After a sea battle and attack on Maracaibo, things work out for Jamie and Lady Margaret.

This is a story of the Spanish Main -- when Villainy wore a Sash, and the only political creed in the world was -- Love, Gold, and Adventure.

Nobody messes with her.

Officials at the time of King Charles II wore long-haired wigs.

Several of the pirates wear coins as medallions around their necks.

Lady Margaret owns the parrot this time. The bird doesn's say anything, though. Although this scene doesn't show it, Jamie wears a medallion.

The coin appears to imitate a Spanish gold coin, possibly a doubloon.

The film won an Oscar for cinematography.

Tommy Blue also wears a medallion.

The figure on the coin resembles King Franz Joseph I of Austria, who ruled much later than the time of the film. Back on the ship, Lady Margaret makes a discovery.

She makes an unpleasant discovery about the nature of the ship's business.

Jamie tells the pirates that she is his wife to protect her from... Captain Leach also wears a medallion.

The coin appears to imitate a Spanish gold coin, possibly a doubloon. The pirates head for Maracaibo (now in Venezuela) was a famous Spanish port. A dancer wearing costume coins entertains some of the residents.

Captain Morgan's men and the residents fight the pirates, kill most of them, and capture the rest.

Tyrone Power as Jamie Waring
Maureen O'Hara as Lady Margaret Denby
Laird Cregar as Capt. Henry Morgan
Thomas Mitchell as Tommy Blue
George Sanders as Capt. Billy Leech
Director: Henry King
Writers: Ben Hecht, Seton I. Miller, Rafael Sabatini (novel)