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Subj:.....Uncle Sam's Fob Chain (S597)
          From the book 
           "Mathematical Puzzles of Sam Loyd" 
            Edited by Martin Gardner 
            From: Dover Publications in 1959

How many different watch fob chains can be
made with the five pieces?

I was shown a curious fob chain the other day, patterned
after the old custom of carrying a string of coins attached
to a watch.  This particular chain consisted of four coins
and the figure of an eagle.  The coins, as shown were
punched respectively with five, four, three, and two holes,
so that the small links which joined them together might
have been placed differently, to furnish quite a variety
of patterns.

This feature of being able to produce a series of fob
chains, each consisting of a string of four coins connecting
the watch to the pendant eagle, gives rise to quite a
discussion regarding the number of possible arrangements
which can be made from the five pieces without any two
being exactly similar.  What is your opinion?

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