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Why Still Make Kennedy Halves?

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First Page  Showing last 15 replies.
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Valued Member
United States
103 Posts
 Posted 07/20/2010  11:46 am  Show Profile   Bookmark this reply Add zazenboy to your friends list
They are neat hefty coins that are still reasonable to acquire in a date set. I like getting them from the bank and spending them. I see the point for ending the Kennedy series, but not the denomination itself.
Pillar of the Community
555 Posts
 Posted 07/20/2010  12:42 pm  Show Profile   Bookmark this reply Add Neil to your friends list

Quote:
How come?


They are an awkward coin, and almost as unaccepted by the public as the SBA, or the Indian dollar. Hence they are produced mainly for collectors, in very small quantities.
Bedrock of the Community
United States
17884 Posts
 Posted 07/20/2010  2:40 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list

Quote:
Do they make THAT much money from selling them to collectors?

Since they started making them just for collectors they have made an average of about 4 million coins for each mint each year so 8 million coins. Two million of those go into the mint sets. That leaves 6 million for the rolls and bags. That makes 300,000 rolls of 150,000 roll sets. A roll set cost $35 so that is $5,250,000. Each coin cost about 8 cents to make so their costs are $48,000. So the NET profit is $5,202,000.

Do you know any business willing to give up $5 million in profits to save $48K in costs? After all it's a 10,800% return on investment.
Valued Member
United States
50 Posts
 Posted 07/20/2010  4:28 pm  Show Profile   Bookmark this reply Add The Big Show to your friends list
personally like halves I wish I had more of them in my collection. I hope they continue to make them.
Pillar of the Community
United States
2602 Posts
 Posted 07/20/2010  5:48 pm  Show Profile   Bookmark this reply Add mycrob to your friends list
Have to agree with Condor- the mint makes them because they make a lot of money from them, plus the money they make from the mint sets too.

Am I correct that the mintage figure for 2002-present halves is only for the ones NOT in mint sets and the ones in mint sets are yet ADDITIONAL halves for the same year?
Pillar of the Community
United States
3283 Posts
 Posted 07/20/2010  8:59 pm  Show Profile   Bookmark this reply Add upstate to your friends list
Thats a good question
Valued Member
United States
123 Posts
 Posted 07/20/2010  9:07 pm  Show Profile   Bookmark this reply Add Savannah04 to your friends list
I love halves, fun and big! lol I went to the bank to go through 10 rolls of halves and didn't find one earlier than 71, ugh the usual!
Pillar of the Community
United States
508 Posts
 Posted 07/21/2010  01:35 am  Show Profile   Bookmark this reply Add Deltron to your friends list
Sometimes you can go through a whole box worth of halves and not find a single MS coin or silver piece. But sometimes you'll get that lucky box that has the motherload. I got four boxes coming this week, hopefully my luck improves cause I don't enjoy going through 2000 coins for 1 40%
Pillar of the Community
United States
1659 Posts
 Posted 07/21/2010  01:50 am  Show Profile   Bookmark this reply Add cwb1877 to your friends list
Halves get used quite a bit in the casino industry here in Nevada. I know they get used on the blackjack tables since a blackjack pays 1.5 times.
Pillar of the Community
United States
1213 Posts
 Posted 07/21/2010  11:06 am  Show Profile   Bookmark this reply Add okiepb to your friends list
...and they're fun to search thru for silver.
Valued Member
United States
103 Posts
 Posted 07/21/2010  3:01 pm  Show Profile   Bookmark this reply Add zazenboy to your friends list
I don't why they don't circulate now, as AG-G Barber and Walking Lib halves attest. I guess America goes thru periods of non-circulating halves and we are in one now. Perhaps if the U.S. got rid of the dead presidents, 50c and the $1 might circulate more. That and getting rid of the dollar bill.
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United States
188770 Posts
 Posted 07/21/2010  4:18 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
I have given this theory at least once or twice before, but I will give it again...

People knew that the mint left silver in the Half Dollar (while everything else went clad in 1965). With silver still inching higher, a lot of people hoarded them.

It has also been said that the coins were being hoarded by fans of the extremely popular president.

The shortage of halves meant the citizenry had to use two quarters, a concept that still works well today.
Valued Member
United States
95 Posts
 Posted 07/21/2010  10:38 pm  Show Profile   Bookmark this reply Add mercapri302 to your friends list
I'm surprised that anyone would be annoyed by receiving a half in change. I routinely spend halves by the roll, and virtually never receive any complaints.

Besides, any major change to the half could severely dent the chances of roll hunters finding halves in circulation.
Pillar of the Community
United States
858 Posts
 Posted 07/21/2010  11:01 pm  Show Profile   Bookmark this reply Add Silver Eagle to your friends list
I spend them every chance I get. I would rather put them back in circulation then have them sit in a bank vault and disappoint some poor roll searcher. Almost all of us here have felt that feeling before.
Valued Member
United States
120 Posts
 Posted 07/22/2010  11:22 am  Show Profile   Bookmark this reply Add twinsrule to your friends list
FOR THE SAKE OF CRHers!
lol!
But seriously, its kinda neat, that since everybody kinda forgot about em, or cashes in their collections of halves, its like a vault of silver unknown to most people except CRHers! I mean, seriously. Even Bens and Walkers aren't that rare when you crh, and what other denomination can you easily find 3 generations of designs with out looking through gazillions of dollars?
just sayin!
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