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The challenge coin tradition was introduced into the Swiss Armed Forces by American officers on training missions and other assignments for the Organization for Security and Co-operation in Europe, of which Switzerland is a member. Coins are not issued, but rather ordered and paid for by Swiss officers of various branches within the Army.
The extended title reads: "Supplementary to the Bank Note and Commercial Reporter, and given free of charge to all who are one year in advance to the semi-weekly weekly, or semi-monthly reporter, containing eleven hundred & twenty-five fac-similes of the various gold and silver coins, found in circulation."
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Roman imperial coin, struck c. 241, with the head of Tranquillina on the obverse, or front of the coin, and her marriage to Gordian III depicted on the reverse, or back side of the coin, in smaller scale; the coin exhibits the obverse – "head", or front – and reverse – "tail", or back – convention that still dominates much coinage today.
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Historically, soldiers serving overseas had been paid in local currency rather than in their "home" currency. [1] Most cash drawn by soldiers would go directly into the local economy, and in a damaged economy the effects of a hard currency such as the dollar circulating freely alongside weaker local currencies could be very problematic, risking severe inflation.