Step 1: Write the formula for limiting friction.
The limiting friction acting on a body is given by
\[
F=\mu N
\]
where
\[
F=\text{frictional force},
\]
\[
\mu=\text{coefficient of friction},
\]
and
\[
N=\text{normal reaction}
\]
Step 2: Determine the normal reaction.
Since the object is placed on a horizontal surface,
\[
N=W
\]
Given weight:
\[
W=150\ \text{N}
\]
Hence,
\[
N=150\ \text{N}
\]
Step 3: Substitute the given values.
The force required to just move the object is
\[
F=75\ \text{N}
\]
Using
\[
F=\mu N,
\]
we get
\[
75=\mu(150)
\]
\[
\mu=\frac{75}{150}
\]
\[
\mu=\frac{1}{2}
\]
\[
\mu=0.5
\]
Step 4: Final conclusion.
Hence, the coefficient of friction is
\[
\boxed{0.5}
\]