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Why Still Make Kennedy Halves?

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Sprucansailor's Avatar
United States
188 Posts
 Posted 07/20/2010  12:08 am Show Profile   Bookmark this topic Add Sprucansailor to your friends list Get a Link to this Message Number of Subscribers
I know, border line heretical. LOL

I do not understand why the mint still makes these if nobody actually uses them. Do they make THAT much money from selling them to collectors?
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mrwisker's Avatar
United States
581 Posts
 Posted 07/20/2010  12:29 am  Show Profile   Bookmark this reply Add mrwisker to your friends list Get a Link to this Reply
they fill in the mint sets nicely.
The proverbial hole filler
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Nazarene's Avatar
United States
128 Posts
 Posted 07/20/2010  02:08 am  Show Profile   Bookmark this reply Add Nazarene to your friends list Get a Link to this Reply
Because I like them! It's obviously dead as a useful coin in our current society and has been for some time. I suppose that in the future when pennies and maybe nickels are no longer needed... They should replace the half dollar with a $5 coin of similar size, then do away with $1 and $5 bills. But, that won't happen, so...

I carry several half dollars all the time. I just like having them. I also use them as special rewards for the kids.

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United States
619 Posts
 Posted 07/20/2010  02:16 am  Show Profile   Bookmark this reply Add deadmunny to your friends list Get a Link to this Reply
Here's the link to this subject which has been broached before:

https://goccf.com/t/62406&SearchTerms=discontinue
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lorax's Avatar
United States
162 Posts
 Posted 07/20/2010  06:59 am  Show Profile   Bookmark this reply Add lorax to your friends list Get a Link to this Reply
Hey, I actually use them.

Being twice the size of a quarter was important when they were silver but now that just makes them awkward.
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carmykle's Avatar
United States
2448 Posts
 Posted 07/20/2010  09:11 am  Show Profile   Bookmark this reply Add carmykle to your friends list Get a Link to this Reply
At the risk of being cynical, our morbid fascination for dead presidents. The DOT, CFA, and others should have petitioned congress to utilize the size and composition of the coin for the new National Parks series. Unfortunately, the so-called "Boomer" mentality still likes to hang on to a past we were far eager to change in the 60s.
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AndrewC's Avatar
United States
335 Posts
 Posted 07/20/2010  09:23 am  Show Profile   Bookmark this reply Add AndrewC to your friends list Get a Link to this Reply
I don't think they are so large as to be awkward (my older son was using one to draw a circle the other day and he said that he thought half dollars were bigger than that). I like that they are big enough that I can easily tell what I have when I feel it in my pocket.
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jbuck's Avatar
United States
187862 Posts
 Posted 07/20/2010  10:35 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I do not understand why the mint still makes these if nobody actually uses them.
For what it is worth, since 2002 they have only been made for collectors, not general circulation.

Quote:
The DOT, CFA, and others should have petitioned congress to utilize the size and composition of the coin for the new National Parks series
I have to agree.
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Neil's Avatar
555 Posts
 Posted 07/20/2010  10:51 am  Show Profile   Bookmark this reply Add Neil to your friends list Get a Link to this Reply
If I get one back in change, I ask for 2 quarters.
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AndrewC's Avatar
United States
335 Posts
 Posted 07/20/2010  10:56 am  Show Profile   Bookmark this reply Add AndrewC to your friends list Get a Link to this Reply
How come?
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Namachieli's Avatar
United States
2120 Posts
 Posted 07/20/2010  11:30 am  Show Profile   Bookmark this reply Add Namachieli to your friends list Get a Link to this Reply
i got rolls of quarters ill trade ya for all your 1960's halves. Be glad to take em off your hands. LOL

:)
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Napoleon31ft's Avatar
United States
528 Posts
 Posted 07/20/2010  11:39 am  Show Profile   Bookmark this reply Add Napoleon31ft to your friends list Get a Link to this Reply
They are fun to spend. I like to spend them but the real fun is in spending Ike dollars. I used one at the drive through to buy a sweet tea the other day and the girl that took it I don't think has ever seen one before. Plus I don't think they are that good looking of a coin so I spend them to get rid of them.
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United States
103 Posts
 Posted 07/20/2010  11:46 am  Show Profile   Bookmark this reply Add zazenboy to your friends list Get a Link to this Reply
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.
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Neil's Avatar
555 Posts
 Posted 07/20/2010  12:42 pm  Show Profile   Bookmark this reply Add Neil to your friends list Get a Link to this Reply

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.
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Conder101's Avatar
United States
17884 Posts
 Posted 07/20/2010  2:40 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

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.
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The Big Show's Avatar
United States
50 Posts
 Posted 07/20/2010  4:28 pm  Show Profile   Bookmark this reply Add The Big Show to your friends list Get a Link to this Reply
personally like halves I wish I had more of them in my collection. I hope they continue to make them.
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