| Author |
Replies: 23 / Views: 4,544 |
|
New Member
United States
10 Posts |
Will they ever mint halves for circulation again? Like they did the SBA dollar, when the fed vaults get low? I have no idea how many are in the fed still.
|
|
|
|
Moderator
 United States
187557 Posts |
IMHO, it is unlikely since no on uses them. If they ever did run out, which I really think they won't, they would probably just say "no more" and be done with it. Rather sad to think about it though.
|
|
Pillar of the Community
United States
632 Posts |
Halves have a sad story. Now, I don't know this for a fact, but I would guess it was a circulating piece of american coinage until kennedy was put on the coin. It was still pretty recent to his death and from what I heard from the older generation it was a really popular coin. And then the silver quickly dissolved out of circulation after '64 so the silver halves became even more popular. They were just hoarded like mad. Even today when I spend halves people go nuts like "I can't accept this. You know they don't make them anymore? They're worth like a lot of money! Don't spend this on soda! Save it!"
They still do mint 50 cent pieces every year they are just not intended for circulation anymore. But you can get all the circulating pieces you want from the FED.
|
|
Bedrock of the Community
United States
17884 Posts |
The problem was that while there was a steady but slow draw down of SBA's for large cities that used them for Mass Transit, there is no similar demand for the halves so the draw down is much slower and it will be a LONG time before the fed supplies are drained.
|
|
Valued Member
United States
164 Posts |
The big hit for halves in circulation was 1964. People simply would not spend the Kennedy halves. After a while, everyone got out of the habit of using half dollars. I have thought that a design change might alter the situation. On the other hand, it has been 44 years since Kennedy's assassination. No young person sees Kennedy as anything more than a paragraph in a history book, if that. What would happen if the mint simply flooded the market with circulation halves? Would people use them then?
|
|
Valued Member
United States
277 Posts |
I think it would be hard to get people to use halves again. There is nothing for them to replace. The dollor coins could be forced into use by removing the dollar bills, but there is nothing like that for the halves.
|
|
Moderator
 United States
187557 Posts |
Quote: but there is nothing like that for the halves. Getting rid of the quarter would probably be the only way; and we all know the Quarter is not going away any time soon! 
|
|
Bedrock of the Community
United States
17884 Posts |
Quote: What would happen if the mint simply flooded the market with circulation halves? Would people use them then? Flood the market? How? I'm sure they would like to know so they could do it with the dollar coins. Frankly they can't even recognize it when they do have a method that floods the market. When the President dollars were coming out the mint said they wanted to avoid a "disaster" like they had with the Sac dollar and the Wal-mart distribution. Disaster? Before the Wal-mart distribution the Fed was able to distribute roughly 5 million dollar coins a month. The Wal-mart "disaster" distributed 95 million in a month, nineteen times as many. They considered it to be a failure because although they distributed them, the coins didn't circulate. That was true, but they only rand the promotion for one month and the Wal-mart employees knew that and told people so. This gave people the idea that they were special and would be a short isue and that they might be valuable. Many of the Wal-Marts also limited the number of coins they would distribute to a person which also suggested a rarity. These factors conspired to ENCOURAGE hoarding. If they had continued the program for say a year, people would have realized as their hoards grew to large amounts that there was nothing special about the coins and they were holding too much value in them and they would eventually start actually circulating them. The only failure of the program was that it wasn't carried on long enough.
|
|
Valued Member
United States
346 Posts |
Great point Conder, that's a very interesting way to look at it.
Personally I don't EVER see halves being used in commonplace transactions again. It just won't happen. People like us who spend halves, $2 bills and dollar coins for fun are just about the only ones who really even know they exist. It's sad.
|
|
Valued Member
United States
227 Posts |
Yep, payed for a tank of gas the other day with halves. The Lady gave me a weird look. Didn't even intend to but my kroger card was empty and I needed gas. Was going to return to bank any way.
|
|
Pillar of the Community
United States
2661 Posts |
I kept 4 halves out of the 6 rolls I bought today. Maybe I'll buy gas with the others just see the look I get. 
|
|
Valued Member
United States
296 Posts |
Quote: Personally I don't EVER see halves being used in commonplace transactions again. It just won't happen. People like us who spend halves, $2 bills and dollar coins for fun are just about the only ones who really even know they exist. It's sad.  I like to pay with a $2 bill, an Ike and a couple of halves. Watching the cashier getting frustrated trying to find compartments in the drawer for everything can be entertaining. 
|
|
New Member
 United States
10 Posts |
My town doesn't have many half dollars in the bank, today on the way home from school I went to one bank it surprised me. They had 6 dollars of them I got them but no silver. There is hardly ever any of them around here. My grampa says they did used to be like normal change back in the 50s. I like them its to bad they dont circulate. I am lucky to find a 40% half dollar once a month and its in like 2 coins they have in the whole bank!
|
|
Valued Member
United States
270 Posts |
I pay a lot with halfs and 2 dollar bills. I have been accused of trying to pass funny money, have had the cops called on me for paying with a 2 dollar bill and a half. its great fun!! I lot of people dont even know we have a half dollar coin or a two dollar bill.
|
|
Bedrock of the Community
United States
20753 Posts |
For probably well over 30 years now I've gone to banks and taken out from 2 to 10 rolls of halves. I used to do it for my collections. However, as time went by I never found anything worth saving anymore but it became fun ATTEMPTING to spend them. I still try for some at banks but that too is getting to be a pain. My EX favorite source of halves was the LaSalle National Bank, now changed to Bank of America. I never USED to have a problem getting as many as I wasnted there. Last time there I was instructed that now with the new ownership, they have been instructed to send all halves back to the main office. They were instructed not to order any for customers. They were instructed not to accept any halves or large dollar coins. I asked what if I brought in some halves and said add this to may account. They said there were instructed to tell customers to take them somewhere else. Over the years I've had mixed reactions using halves. At one flea market a guy saw me spending one and asked if I had more. He offered me $0.75 each for all I had. I had 10 and gave them to him for $5. I pay getting into flea markets with them and the people at the gates watch for me for them. However, at a restaurant seveal waitresses have asked me to stop leaving those for tips. On commuter trains the conductors have told me to not give them halves or those baby sized dollars. At a fast food place, Wendy's, when trying to spend a half, they looked at me as if I was trying to rob the place but ended up taking them. With the usage of coins today people are getting a little nutty I think.
|
|
Valued Member
United States
417 Posts |
They're nutty in general. People don't know money like they used to.
|
| |
Replies: 23 / Views: 4,544 |