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Star Badge Made Out of a Walking Half Dollar?

Samurai

Tenderfoot
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I bought this a flea market awhile back and was wondering if it's connected to any important group or history, or are badges made of coins common?
 

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That's the first one I've ever seen. I know that once upon a time, such as during WWII, GI's would make rings out of silver coins by tapping them into shape using spoons. And during the 19th Century, jewelry out of coin silver were very popular.
 
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