Last year was particularly noteworthy for the Coast Guards drug interdiction efforts. In 2007. the Coast Guard seized more than 350.000 pounds of cocaine. far surpassing all previous Coast Guard records. This seizure had a street value of over $4.7 billion. which equates to almost 50 percent of the Coast Guards budget. Throughout its history. the Coast Guard has protected the nation from piracy. rum runners. and illegal drug and migrant smugglers. The Coast Guards first documented opium seizure was in 1890. by the Revenue Cutter Wolcott. In 1921. the Coast Guard Cutter Seneca seized 1.500 cases of liquor from a rum running schooner off the coast of New Jersey.