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10 Maloti - Moshoeshoe II George Washington

Issuer Lesotho
Year 1982
Type Non-circulating coin
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Reverse script Latin
Reverse lettering 1732 GEORGE WASHINGTON 1982 VALLEY FORGE
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Additional information

This piece belongs to a curious genre of the early 1980s: sovereignty-asserting commemoratives issued by small nations through the Franklin Mint or similar contract minting arrangements, leveraging foreign historical subjects to attract collector revenue. Lesotho had limited domestic minting infrastructure and used these programs to generate hard currency. Washington's inclusion here has nothing to do with any bilateral relationship — he simply sold coins.

The .500 fineness is worth noting: half-silver issues of this type were a deliberate cost-cutting measure that kept face value credible while maximizing margin on collector sales.

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