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 Replies: 9 / Views: 2,628 |
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Valued Member
United States
74 Posts |
Are U.S. half dollars still being minted for circulation? And also, are the Native American dollar Coins minted for circulation? Edited by vince220
01/24/2010 5:32 pm
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Pillar of the Community
United Kingdom
1682 Posts |
2010 Kennedy Half-Dollar Bag and Two-Roll will be sale on the 29th of this month from the US mint. Rolls of the Native American dollars are already on sale from the US mint via the direct ship program. So your guess as good as mine, if this means that they are for circulation or not. Edited by kena
01/23/2010 7:02 pm
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Bedrock of the Community
United States
12437 Posts |
2001 was the last year for circulating half dollars although they are still being minted in much smaller quantities and sold to collectors in bags and rolls. The first two years of the Sacagawea, 2000 and 2001, were minted for circulation with 2002-2008 in the same situation as the half dollars, collector production only. The Native American series Sackies started in 2009 and while not readily available from banks, are available for face value through the Direct Ship program in quantities of $250.
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Pillar of the Community
United States
2589 Posts |
the halfs that are minted are not intended for circulation, but they are legal tender and many end up in circulation anyway.
-XoG
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Pillar of the Community
United States
4867 Posts |
Halves are issued by the US Mint for collectors. You can spend them if you choose.
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Valued Member
 United States
74 Posts |
So halves are availible for purchase for collectors, but not at face value. Is that correct? And, the Native American dollar coins are availible at face value in bulk. Does this mean that a bank, if they wanted to, could circulate the Native American dollar coins? And if so, do any banks do that? |
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Pillar of the Community
United States
2734 Posts |
Banks are not able to special-order new Native American dollars from the Federal Reserve, as they can do for new Presidential dollars. This was one impetus for the Mint to offer them through the Direct Ship program.That said, banks can distribute the Native American dollars when they have them. It is known that collectors will search Direct Ship boxes and bank-deposit the coins that they do not wish to keep. JFK Halves are sold only at a premium for the collector market, but a few collectors will also bank-deposit the coins that they do not wish to keep. |
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Bedrock of the Community
United States
17884 Posts |
Quote:Banks are not able to special-order new Native American dollars from the Federal Reserve, as they can do for new Presidential dollars. The banks can also order the NA dollars through the Direct Ship program, and in fact can actually receive them at a lower cost that way than if they were getting them from the Fed because they have to pay a handling fee to get coins from the Fed. |
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Bedrock of the Community
United States
17884 Posts |
Also the legislation that created the NA dollars did require NA dollars to be issued for circulation. (Of course after one year of actually issuing them for circulation that requirement would have been met so future issues would not have to be made for circulation BUT since the law also requires that 20% of all the dollars struck each year be NA dollars, it would mean a very large vault storage problem if they were not released for circulation. (Of course with the public's demand for the coin it is STILL a very large vault storage problem. There has been discussion online about how the Fed now has a twelve year supply of small dollars in storage. I looked over the figures for orders coming into the Fed from the Mint and they have been significantly less than the Mints coinage figures. That means they are piling up in the Mint vaults as well and there may be a further couple years supply there as well.)
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Pillar of the Community
United States
2734 Posts |
Quote:
The banks can also order the NA dollars through the Direct Ship program, and in fact can actually receive them at a lower cost that way than if they were getting them from the Fed because they have to pay a handling fee to get coins from the Fed. Great idea, I'm going to suggest this to my local Wells Fargo manager!  Their senior teller does cater a bit to Dollar coin collectors, she keeps a stash of BU rolls of all of the "D" Presidential dollars. Some of the customers have asked her for Native American dollars, and this would be a good way for them to get rolls of BU Native Dollars. I have received a number of individual Native Dollars at this Wells Fargo, simply because they are distributed as change by Denver Light Rail ticket dispensers, thus a certain number of them end up in local businesses' cash drawers and at area banks. |
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Replies: 9 / Views: 2,628 |
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Posted 01/23/2010 10:07 pm
