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Why Do Some People Want Halves Discontinued?

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Bedrock of the Community
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10038 Posts
 Posted 02/09/2013  10:59 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list

Quote:
Oh, and one more thing? Why do so many people call halves "fifty cent pieces"?

Interesting question! I never thought of that. It must just be another quirk in our language?! I know my grandparents (I am 50) called used this terminology.


Quote:
I'll spend dollar coins, $2 bills or halves to play, and the people would just gobble them up to collect like a vacuum sucking up a dust pile.

Yes, the general public deems these as valuable and rare. I know my In-laws gave my kids some modern $2.00 bills for Christmas (along with other things) telling my kids they were worth something b/c they were rare. I was put into a hard place because I wanted my kids to know the bills were not rare, were not worth anything but 2.00, and would likely not ever be worth much. Its been quite a few years and they know this now.
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
Pillar of the Community
708 Posts
 Posted 02/10/2013  12:04 am  Show Profile   Bookmark this reply Add Fox to your friends list
Earle42,

Those $2 bills may become worth a little more after the next currency redesign, which, as I said, includes the $2 bill. So, when the new style $2 bills come out, their old $2 bills may pick up some value over the years. (Unless they are like Eisenhower and Susan B. Anthony dollar coins, which are fairly old, yet haven't picked up much value, if any more than face value)
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United States
17884 Posts
 Posted 02/10/2013  04:46 am  Show Profile   Bookmark this reply Add Conder101 to your friends list

Quote:
I think that it is interesting that when the mint pulled silver out of the coinage they wanted to keep the Kennedy half in silver to promote Kennedy even more

The Mint wanted to dump silver from the coinage completely. Retention of silver in the half dollar was something Congress worked out. It was a sop tossed to the western silver producing states in exchange for their support on removing silver completely from the dime and quarter. The 1964 Peace dollar was also part of the deal.
Valued Member
United States
252 Posts
 Posted 02/11/2013  1:37 pm  Show Profile   Bookmark this reply Add RES to your friends list
You know, the more that I think about the more convinced that I become that the drive to have the coin removed or in my position redesigned is because of boredom. The Kennedy half was a great coin. I love having a large collection, but having over a thousand of the same coin to just finish one collection is boring. Not to mention the thought that the collection may never be complete because they won't redesign the coin. This coming from someone who just bought into the Kennedy Collection.
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United States
4870 Posts
 Posted 02/11/2013  1:49 pm  Show Profile   Bookmark this reply Add TheForce to your friends list
I tend to think the half should be discontinued along with cents. To produce circulating quality coins that generally aren't meant to circulate is a waste of money IMO. If there isn't a need for halves in commerce then whats the point? It's not really fun collecting coins that aren't meant to circulate. Further I think dollar coins should stop being minted until the notes are discontinued. How many government vaults will need to fill up with these useless coins until something is done?
Edited by TheForce
02/11/2013 1:53 pm
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United States
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 Posted 02/11/2013  2:18 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
How many government vaults will need to fill up with these useless coins until something is done?
None. As of last year, the dollar coin is only minted to meet collector demand. No more vault space is being wasted.
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United States
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 Posted 02/11/2013  3:49 pm  Show Profile   Bookmark this reply Add ghostrider to your friends list
If we resize the half dollar down to the size of a quarter and reconfigure it color wise we will still have the same old problem that people have been complaining about before only of a different nature.

Right now, including the quarter we have 3 coins that are close in size. The quarter, the Presidential dollar, and the Sacajewa dollar. If the half dollar is brought back and shrunk to a size that is comparable to a size all we will be accomplishing is more confusion over fumbling over coins in our pockets in order to pay the tab. This would even be added to if a Susan B Anthony coin was in our pockets.

This doesn't even mention the sometime confusion of the penny and dime as far a size if concerned.

One way of solving this is to do away with the dime completely, because its place would more than adequately be taken up by the nickel and would increase the circulation of this coin. The half dollar could be removed entirely from the coinage (along with the dime) because its place has been filled admirably by the quarter. The dollar bill can be done away with because of the economics of have to replace a current bill every 15 months or so and then redesigning the dollar coin to be half the size of the current half, and then stopping the minting of both the presidential and Native American coin in favor of a new design.

Finally, I would also propose that the $5 bill be done away with and replaced with a suitable coin. From the information that I keep hearing about the $5 bill has a shorter circulating life span than does the $1 bill.

As we all know, coins have a much longer life span than paper money.
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 Posted 02/11/2013  6:06 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
Right now, including the quarter we have 3 coins that are close in size.
No, two. You cannot count the one dollar coin twice.

But I get your point. Two is bad, three could only be worse.
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United States
1770 Posts
 Posted 02/11/2013  7:08 pm  Show Profile   Bookmark this reply Add M0nks to your friends list
halves forever!! all this blasphemy talk about ending halves NEVER! long live the half dollar
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 Posted 02/11/2013  7:49 pm  Show Profile   Bookmark this reply Add ghostrider to your friends list
JBuck: Aren't the Presidential and Native American dollars the same size and different series? If they are then presently there are (including the quarter) 3 coins close in size.

If that is so, if the half dollar is also downsized there will be four coins of approximately the size.

edit

Then what a nightmare that would be!!
Edited by ghostrider
02/11/2013 7:52 pm
Pillar of the Community
708 Posts
 Posted 02/11/2013  8:38 pm  Show Profile   Bookmark this reply Add Fox to your friends list
ghostrider,

No, it would not be a nightmare, because, when I proposed "downsizing" the half, I also suggested that it be a SIDED coin, and NOT a "round" coin. Similar to the "sided" Canadian loonie, but even more extremely sided, as the Canadian loonie has eleven very slight sides, but I wanted the U.S. half to be a more extremely sided "nonagon" (9-sided) coin that would also be copper in color and thicker than all other U.S. coins (as lonbg as they are still thin enough for veding slots) so that you would never confuse the new halves with any other coin denomination by looks or touch.
Pillar of the Community
United States
4870 Posts
 Posted 02/11/2013  9:09 pm  Show Profile   Bookmark this reply Add TheForce to your friends list
I'd rather the dollar coins have reeded edges. :) I think reeded edges on larger sized coins give it character and not some cheap token like appearance.

As for the vaults, what will become of those dollar coins? If they aren't gonna be used and just sit there collecting dust then they should be recycled. The feds should just made the decision to get rid of the dollar note and scew what everyone else thinks. Just my Two Cents for what its worth.
Edited by TheForce
02/11/2013 9:16 pm
Pillar of the Community
708 Posts
 Posted 02/11/2013  9:51 pm  Show Profile   Bookmark this reply Add Fox to your friends list
TheForce,

Where are many Kennedy halves sitting in those vaults as well, which should be recycled in my proposed, smaller, siided halves. Right now, from what I read, as far as demand goes, we have a 10 supply of halves, AND a 10 year supply of dollar coins. So either yank the $1 bill out of circulation, and get the dollar coin and $2 bill circulating, or get the $2 bill in circulation anyway, and a smaller half in circulation. Smaller halves to save on minting less quarters, and $2 bills to save money on printing less $1 bills. Release about 1/3 of $1 bills and quarters that they normally release, and release enough $2 bills and halves to fill in the gaps.
Bedrock of the Community
United States
17884 Posts
 Posted 02/12/2013  11:36 am  Show Profile   Bookmark this reply Add Conder101 to your friends list
The only reason they still make half dollars is because they can sell rolls and bags of them to collectors at a premium.


Quote:
One way of solving this is to do away with the dime completely, because its place would more than adequately be taken up by the nickel and would increase the circulation of this coin.

Lets see the dime costs 4.8 cents to make so they make a profit of 5.2 cents on even one they make. The nickel costs 10.2 cents to make so they lose 5.2 cents for every one they make. And they would need two nickels to replace each dime. So instead of making a profit of 5.2 cents out of every 10, we would lose 10.4 cents for every 10 cents produced. I have a better idea, keep the dime, lose the nickel.
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188952 Posts
 Posted 02/12/2013  12:55 pm  Show Profile   Bookmark this reply Add jbuck to your friends list

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JBuck: Aren't the Presidential and Native American dollars the same size and different series? If they are then presently there are (including the quarter) 3 coins close in size.
Different series, but equal in size and they spend the same (one dollar).

There are only two coins to confuse by being close in size: a dollar coin and a quarter dollar coin. It does not mater what is on the coin, only the denomination of the coin.



Quote:
I have a better idea, keep the dime, lose the nickel.
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