This flag has the Victorian Crown, which was used until about 1902, even though this crown was phased out since 1880. The crown image is based on a drawing presented by Jarig Bakker and following the colors of the other crowns at Jaume Ollé's website.
Bahamas used circular seal in garter in 1869 flag.
A large and two small ships within a garter surmounted by a crown constitute the principal device of the badge of the Bahamas. On the garter are words which tell us that the pirates have been expelled and that business has been resumed. This badge is the basis of the coat of arms the country adopted on independence. They replaced the old Latin motto with a much more anodyne one in English.
This is the colonial badge that was used on Bahama Blue ensign in 1904-1953. It replaced old crown (1869-1904) and was replaced with the new crown (1953-1964) and newer redention (1964-1973)
The Victorian Crown was replaced by the Imperial or Tudor Crown, introduced by King Edward VII around 1904.
Following the standardisation of representations of the crown instituted by King Edward VII in 1901, the Tudor crown replaced the original crown in 1904.