The half dollar was once a workhorse
The half dollar was once a workhorse As a kyd, I remember spending half dollars. Walkers and Franklins were seen in commerce regularly, and it was quite a utilitarian mint. Yes, it was a little large, but distillery paroxysm comfortably in a pocket. A search at many of the Barber halves worn down to AG-3 discipline surely speaks to an active life at some target in the distant past. somewhere over the final fifty years, the half dollar has all but disappeared from circulation. What happened, and will the half dollar ever make a rejoinder ?
The half dollar was once a workhorse
The death of the half dollar began with the character assassination of JFK in November 1963. In the barrage of national grief, it was decided to honor him with his portrait on the one-half dollar. The 1964 Kennedy Half Dollar was immediately hoarded as a cute keepsake of the martyr President, and despite the huge mintage of about 425 million pieces, few ever made it into circulation. Those that did, were cursorily withdrawn.
The popular 1964 Kennedy Half that ultimately doomed the appellation
The popular 1964 Kennedy Half that ultimately doomed the denomination
The popular 1964 Kennedy Half that ultimately doomed the appellation now, had the price of eloquent remained stable, ensuing years ‘ issues might have filtered into commerce and the coin would have remained feasible. But 1964 marked the last year of the product of 90 % silver coins. Clad, or “ sandwich ” coins were introduced in 1965, and dimes and quarters no long contained any ash grey. however, the Kennedy half dollar, for some inexplicable reason, continued to be issued with a shrink 40 % silver contentedness. During 1965-1970 as the millions of older silver medal coins were cursorily withdrawn from circulation, word was out that the “ current ” halves still contained some flatware, and they besides, were hoarded. The public is easily confused, and even though the dissolve value of a 40 % Kennedy half did n’t exceed its confront value until 1974, virtually all of the 1965-1970 coins, like the 1964s, ended up in drawers in people ‘s homes.
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By 1971, the Kennedy half was a arrant clothed mint without any silver. even though the mint turned out over a billion halves from 1971 through 1974, therefore impress had the notion that Kennedy halves were somehow “ particular ” become, that they excessively ended up being saved. Out of sight, out of mind. Vending machines were made that took only nickel, dimes and quarters. cash registers were arranged so that the half dollar no long had a spot. The 1976 Bicentennial issue besides was seen as keepsake, and even a coinage of over 500 million pieces could not discourage their “ collectible ” status .
Rare Beast – A 2004-P Kennedy made for collectors with a mintage of only 2.9 million
Rare Beast – A 2004-P Kennedy made for collectors with a coinage of alone 2.9 million Since 1977, mintages slowly dwindled. Through 2001, average annual mintages ran in the 30 to 60 million scope. But in 2002, the mint last gave up, and decided to issue halves only for collectors, selling mint state pieces directly from their facility at 1.5 to 2 times face value.
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Rare Beast – A 2004-P Kennedy made for collectors with a coinage of only 2.9 million
so will the half dollar always again be used in commerce ? hard to say. If the cent is discontinued, it would surely make some space in cash registers. A half would surely be quite useful in vending machines – but some serious modifications would need to be made to the mechanism. My intestine feel tells me we ‘ll see a slot for a mini-debit card in vending machines before we ‘ll see a larger coin slot for a one-half dollar .
Although I ‘d personally like to see the one-half dollar return, I ‘d bet against it .