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 Replies: 12 / Views: 2,132 |
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Rest in Peace
United States
3039 Posts |
I've been a half dollar fan since getting lots of Walkers from my paper route when I was a kid. Anyway, I was wondering why the values of later Kennedy halves (2002 and on) don't really reflect their mintage. For example, 2002 P mintage 3,100,000 and 2002 D mintage 2,500,000 are valued less than the 1989s with mintages about 10 times as many. Also the ones designated NIFC with low mintages also have equal valuations when compared to dates with 10X the mintage. Even the 2008 P & D with only a 1,700,000 mintage each are likewise valued. Is it supply and demand? At some point, the Kennedy collectors will need those and there aren't that many to go around. Any thoughts? Edited by numismo
01/25/2011 1:59 pm
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Pillar of the Community
United States
6326 Posts |
Quote:
At some point, the Kennedy collectors will need those and there aren't that many to go around  But "that point in time" is FAR INTO THE FUTURE, I'm thinking. How far before the values start being appreciated, will just be a guess by anyone. And a "low mintage" has not always meant a "premium value", either, with all kinds of denominations of coins, the Kennedy half is no exception. It's NIFC status is fine, but they're STILL BEING MINTED nonetheless. They come in bags and rolls, they come in Uncirculated Sets, they come in Proof Sets, they come in Silver Proof Sets, coin shops have GOBS of them, coin shows, etc. etc. etc. I think we need 15-20 years " after" they're not being minted anymore AT ALL, to have a chance at some decent price values. And that's certainly just a "potential" chance. |
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Valued Member
United States
101 Posts |
I think the reason is because all the nifc ones are all high grade. The supply is there for the demand. It's harder to find the ones that circulated in higher grades. Like eaglefoot said, years down the road the value might go up on them.
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Pillar of the Community
United States
2602 Posts |
I'm thinking even with the mintages being low, there aren't that many JFK collectors. Far more people collect cents and nickels than half dollars I think. 1.7 million for a cent will have lots of demand, but not so much for the half.
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Pillar of the Community
Canada
838 Posts |
I think the later years actually *do* carry a slight premium, but that the price lists are too lazy to take note. Personally, I would (and did) pay more for a 2005 half than a 1985 half; the latter are fairly easy to find at banks for 50 cents.
Mind you, the average premium that collecters would pay for the lower mintage half is maybe only 25 cents.
The NIFC Kennedies are a more "specialized" set for sure, but I think they'll catch on when people get bored with the older and lower denomination series (not that you should EVER get bored with those, but some will).
Edited by bibd
01/25/2011 5:25 pm
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Moderator
 United States
187914 Posts |
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I'm thinking even with the mintages being low, there aren't that many JFK collectors. Exactly. Consider that these coins, being minted for collectors only, were produced to meet the demand (probably still a significant amount more than the demand). As the number of Kennedy collectors increases over time, expect the prices to go up. But for right now, there are enough for everyone that wants one. |
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Pillar of the Community
United States
608 Posts |
I agree it's just a matter of time. However, if the Mint should discontinue the Kennedy half, watch them shoot up in value quickly. |
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Pillar of the Community
United States
6326 Posts |
Quote:However, if the Mint should discontinue the Kennedy half, watch them shoot up in value quickly. That's a good point.....but I fear that they don't want to do that anytime soon because that would make the annual Uncirculated, Proof, and Silver Proof Sets look emptier and smaller ! The public and collectors haven't exactly "warmed" to the Presidential series.....and the ATB Quarters aren't that much better. So, if not for those, it would be a small set indeed without the half. |
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Pillar of the Community
United States
608 Posts |
Eaglefoot, discontinuing the Kennedy half can also mean that it has been replaced by something else. |
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Moderator
United States
187914 Posts |
Because of the collector sales, I do not see them stopping the Half Dollar any time soon. And because of hero worship and the connotations of removing someone from a coin, I do not see Kennedy being replaced in my lifetime. It is more likely (and preferable) that the Lincoln Cent becomes a collector-only issue. It is also more likely we will see the one dollar Federal Reserve Note cease production. Yes, the Kennedy half dollar will be here for a long, long time.* * Of course, I could be wrong!  |
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Valued Member
United States
310 Posts |
I could see the mint stopmaking pennies before stopping the Kennedy half....Main reason...Profit.... A Kennedy half has about .12 of metal in it. They have a value of .50 and sold directly to collectors a value more than that. Halves are money makers for the mint. The current penny value is below melt atm too(about %60 of melt), but with production cost, etc, I do believe they may lose money on it. dimes, quarter, halves are all money makers for the mint. Dollar coins are really good money makers. I think the government could care less if people use dollar coins since the cost to make them is like %7 face. If anything, it's the penny and nickel that will go away. |
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Moderator
United States
187914 Posts |
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If anything, it's the penny and nickel that will go away. I agree completely. |
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Bedrock of the Community
United States
17884 Posts |
Why are the NIFC pieces cheaper than the cons with much higher mintage? Well take your 2002-D with 2.5 million coined. How many of those coins are still around in Unc? About 2.4 million and that number really isn't declining. How many of the 1989's with ten times the mintage are still around in Unc? Maybe 2 million and dropping. Why is this true? Because the 1989's were made for circulation and almost all of them did eventually get into circulation. The Unc are basically the coins still in the Mint Sets. The 2002-D's though went straight from the Mint directly to the hands of collectors and into hoards. Most of them are still there and still Unc, PLUS the Mint Sets. As for them becoming more valuable in the future I doubt it. Back in 2002 probably close to half of all the Kennedy half collectors bought roll sets or bags from the Mint. They needed one coin and they got either 20 or 500. What are the chances that the number of Kennedy half collectors will increase enough to absorb all those Unc coins? An increase in collectors of several thousand percent would be required. |
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Replies: 12 / Views: 2,132 |
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Posted 01/25/2011 1:58 pm
