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Most likely PMD

silveraddict

silveraddict

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Found this in a box today. I'm thinking PMD but dont know how it was done with no damage to the reverse side. Any ideas?
 

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It appears it was cut, then the top layer was peeled away.
 
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Colonial/Civil War site yields unusual silver object 1849 D $5 gold piece 1849 D $5 gold piece Colonial/Civil War site yields unusual silver object Colonial/Civil War site yields unusual silver object

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