“Five” or “One Half” of the Other?

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Seated Half Dime
Item # 007616 
Good to Very Good Condition 
Price: $59.95
QTY:

Country:
 U.S.A.
Date:
 1837-73
Metal:
 Silver
Purity:
 .900
Denomination:
 Half  Dime
Weight:
 1.24 g
Diameter:
 15.5 mm
Condition:
 Good +
Obverse:
 13 stars, Seated Liberty, date
Reverse:
 "United States of America," denomination, laurel leaves
The half dime was authorized by a Congressional Act in 1792. The half dime actually circulated at the same time as a 5-cent nickel. Even though they were technically 5-cents, half dimes were not considered “nickels” because they were struck in silver. This circulated Seated Liberty Half Dime was the last type issued of this strange denomination.