Silver Dollar Biscuits

Preheat oven to 400 degrees. Whisk together flour, baking powder, salt and sugar in a large bowl. Cut in lard or shortening until coarse crumbs form. Gradually add milk, stirring, until dough pulls away from the sides of the bowl. Roll out dough to 1/2 inch thick on a floured surface. Cut out biscuits with a 1 1/2 inch round biscuit cutter or floured glass. Roll scraps and cut out more biscuits. Transfer biscuits to an ungreased sheet pan. Bake 10 to 15 minutes until pale golden. Serve biscuits warm or at room temperature.