Margaret was an American ship built at Boston and launched in the fall of 1791. It was built for use in the maritime fur trade and was owned by Thomas Handasyd Perkins, Russell Sturgis, James and Thomas Lamb, and James Magee. It was armed with eight cannon and six to eight swivel guns. On its maiden voyage it left Boston with a crew of 25. After returning to Boston in August 1794 the Margaret was registered under new owners in November 1794, again in Boston. On 7 January 1796 the Margaret was wrecked on Gooseberry Rocks, about 2 miles (3.2 km) out from Marblehead, Massachusetts.