In the 1970s, or possibly the 1960s, someone (I don't know who) started making these Flowing Hair and Draped Bust half-dime (and potentially other denominations) transfer die reproductions in an effort to defraud collectors and dealers. They were struck on silver planchets, and potentially coin silver (90%). My understanding is that this was partially successful. I've also heard that many of these were subsequently destroyed while others were saved, such as this one. Such pieces today are seen as curiousites and collected by some in the numismatic community. Several 1795 half-dime die marriages were produced by this individual, and collecting many/all of them could be a fun challenge.
 
This example is in high-grade, the details and devices are strong and sharp, and may have fooled one or more numismatists in the past.