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 Replies: 51 / Views: 6,213 |
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New Member
 United States
24 Posts |
So what would yawl do with them. Keep for a few years? Sell individual. Send a couple off for grading? Sell the whole lot?
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New Member
United States
24 Posts |
@CONDER101 are the photos good? I know what the dates say that are viable but don't want to open them up because all the enders are 2017. I just don't know what to do with these. I have a feeling I'll be keeping them for another 10 years.
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Valued Member
United States
261 Posts |
Open them and confirm all are 2017. Rewrap them and sell for profit on ebay. Not worth keeping, will never have any real value. |
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Moderator
 United States
189185 Posts |
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So what would yawl do with them. Keep for a few years? Sell individual. Send a couple off for grading? Sell the whole lot? Keep the best, spend the rest. |
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Bedrock of the Community
United States
17884 Posts |
Looks like the impossible happened. I don't know how and frankly it is kind of unbelievable, but it does appear to be what he said it was.
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Pillar of the Community
United States
4333 Posts |
Been in this hobby for a long time, never heard of someone receiving an entire box of NIFC Kennedys. Very unusual I'd say!
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
1375 Posts |
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Been in this hobby for a long time, never heard of someone receiving an entire box of NIFC Kennedys. Same here  It sure would be interesting to know the story behind this. Someone paid $700 for the coins then someone cashed them in for $500 and somehow Loomis wrapped them and put them in a box without mixing in ANY other halves. I just can't believe it happened randomly, someone must have had a hand in this.  I guess the only down side is that the Loomis wrapper is a dead giveaway that they're no longer uncirculated coins  |
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Valued Member
United States
493 Posts |
Maybe the U.S. mint dumped them, lol. I don't see them carrying 2016 and prior in inventory, what do they do with the excess?
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Pillar of the Community
United States
1279 Posts |
I think the mint dumped them. I would sell them as unopened on ebay explaining what you received |
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Bedrock of the Community
United States
10038 Posts |
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 halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Pillar of the Community
United States
1375 Posts |
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I think the mint dumped them. It just doesn't work that way. The Mint can produce NIFCs and sell them to collectors (who may then put them into circulation), but the Mint doesn't put coins directly into circulation itself. That's the job of the Federal Reserve and I'd be willing to bet that the Fed didn't order any half dollars. Quote:How do our coins enter circulation? The United States Mint ships its coins to Federal Reserve Banks, which are responsible for putting coins and paper money into circulation and also for withdrawing them from circulation when they are worn out. When a private bank needs coins to provide to you and its other customers, it purchases them from a Federal Reserve Bank. Banks have checking accounts at the Federal Reserve Banks, just as you do at your bank. To buy cash for you, your bank uses special checkbook money called a "reserve balance." The coins make their way back to the Federal Reserve Bank at some point because banks often accumulate more cash than they need for day-to-day transactions. They deposit the excess cash into their checking account at a local branch of the Federal Reserve Bank until their customers need it. Coins circulate from the Federal Reserve Bank to the private banks to you and back again until they are worn out, unfit for circulation. The Federal Reserve replaces those coins by ordering new ones from the U.S. Mint—and once those coins are minted, a new circulation cycle begins. A circulating coin generally lasts 30 years or longer. Edited by BadDog
09/18/2018 4:36 pm
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Pillar of the Community
United States
4333 Posts |
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It just doesn't work that way. The Mint can produce NIFCs and sell them to collectors (who may then put them into circulation), but the Mint doesn't put coins directly into circulation itself. That's the job of the Federal Reserve. And then the last piece of the puzzle, Loomis, the armored company that actually rolled and distributed the coin finally, to the bank. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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New Member
United States
24 Posts |
Interesting concept I did get them from Navy Federal. I'm really tempted to open them. My wife says don't just keep them. The other box I got were the normal ones you'd expect, but with 4 2017 and two 2004 and I think one 2012
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Bedrock of the Community
13014 Posts |
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Same here It sure would be interesting to know the story behind this. Someone paid $700 for the coins then someone cashed them in for $500 and somehow Loomis wrapped them and put them in a box without mixing in ANY other halves. I just can't believe it happened randomly, someone must have had a hand in this. Best guess would be someone got more like $800-1000 worth of them, searched through them for gradable ones or just looking for the best and then spent the rest instead of trying to sell them. A lot of stuff like that isn't worth the time and effort to try and sell to most people after searching through it |
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Moderator
United States
189185 Posts |
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Best guess would be someone got more like $800-1000 worth of them, searched through them for gradable ones or just looking for the best and then spent the rest instead of trying to sell them. A lot of stuff like that isn't worth the time and effort to try and sell to most people after searching through it I agree.  |
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Replies: 51 / Views: 6,213 |
First Page
Posted 09/14/2018 11:31 pm
