What is a lettered edge coin?

On the perimeter of early 50-cent coins, the words "fifty cents" or "half a dollar" are etched, clearly indicating their denomination to the holder. This feature ensures that even without direct inspection, the value of the coin can be quickly discerned.

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Similarly, the edges of early silver dollar coins bear inscriptions that declare their worth. The phrase "hundred cents one dollar" or simply "unit" is inscribed, reiterating the coin's status as the highest denomination in circulation during that era.

The practice of edge inscriptions dates back to the early days of American coinage, when such measures were employed to enhance the authenticity and recognition of circulating currency. They were not merely decorative but functional, aiding in the verification of coins' legitimacy.

As time progressed, technological advancements led to the development of more sophisticated methods for protecting against counterfeiting. Nonetheless, edge inscriptions continued to be featured on select coins, serving as a nod to tradition and a testament to their historical significance.