Again the entire silver coinage of the year. Director Samuel Moore's report of January 1, 1827 explains both why — silver deposits “has induced the coinage, exclusively, [of] half dollars”, leaving small change to “the accustomed fractions of the Spanish dollar” — and what for: “large emissions of our heavier coinage… constituting an efficient basis of the national currency.” The high-grade tail here is the hoard signature.

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