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In 1927, the legislature of the Territory of Hawaii passed a resolution calling on the U.S. government to produce a commemorative coin for the 150th anniversary of Cook's arrival in Hawaii. Treasury Secretary Andrew Mellon thought the occasion important enough that, unusually for him, he did not oppose such an issue. The bill for the Hawaii half dollar passed through Congress without opposition or amendment, and became the Act of March 7, 1928 with the signature of President Calvin Coolidge.
Sculptor Chester Beach made the plaster models for the coins from sketches by Juliette May Fraser. Beach had some trouble gaining approval for his designs, as there were issues raised by the Mint and by Victor Stewart Kaleoaloha Houston, Hawaii Territory's delegate to Congress. These concerns were eventually addressed, and the coin went into production. Although the issue price, at $2, was the highest for a commemorative half dollar to that point, the coins sold out quickly and have risen in value to over a thousand dollars.
