The monument was white and adorned with an urn between 2 cupids, the figure of ship and a boat at sea, with persons in the water; also, 7 medals as that of King William and Queen Mary, some with Spanish impressions, as the castle, cross-potent, etc.; and likewise the figure of a sea-quadrant, a cross-staff, etc., and this inscription along with coat of arms;  "Near this place is interred the body of Sir William Phips, Knight; who in the year 1689, by his great industry, discovered among the rocks near the banks of the Bahamas, on the north side of Hispaniola, a Spanish plate ship, which had been under water 44 years, out of which he took gold and silver, to the value of 300,000 pounds sterling, and with fidelity equal to his conduct brought it all to to London, where it was divided between himself and the rest of the adventurers; for which great service he was knighted by his then Majesty King James the 2nd; and afterward by the command of his present Majesty and at the request of principal inhabitants of New England, he accepted the government of Massachusetts, in which he continued at the time of his death; and discharged his trust with that zeal for the interest of his country, and with so little regard to his own private advantage, that he justly gained the good esteem and affections of the greatest and best part of the inhabitants of that Colony."  (Drake's History of Boston:  Phipps - Wheeler Genealogy by Erma Morrill; Connecticut Colonial Documents)
This monument was later torn down when the church was remodeled and there is nothing currently marking the site.