In recognition of Edward Preble's exploits in Tripoli, the United States Congress in 1805 resolved "That the thanks of Congress be, and the same are hereby presented to Commodore Edward Preble, and through him to the officers, petty officers, seamen and marines attached to the squadron under his command, for their gallantry and good conduct, displayed in the several attacks on the town, batteries and naval force of Tripoli, in the year one thousand eight hundred and four." Congress further resolved that "the President of the United States be requested to cause a gold medal to be struck, emblematical of the attacks on the town, batteries and naval force of Tripoli, by the squadron under Commodore Preble's command...."

Using a drawing by Michele Corne as his inspiration, U.S. Mint engraver John Reich created the reverse image of a naval battle to illustrate the series of engagements that took place in August of 1804. In 1806, the Mint struck Preble's gold medal (now in the United States Naval Academy Museum at Annapolis, Maryland), along with two hundred copper medals. The Mint has also produced bronze versions of this medal since 1872.