Model Ship "The President"

i dont know much about this model, i got it from a friend of my grandfather in cape cod, ma 10 to 15 years ago.  it doesnt have any makers marks that i can find. it has a plate on the base that says " The President Frigate year 1800" and it has a tag hanging from one mast that says made in spain and has a number 56 on the back.

Fair