Not Intended for Circulation Halves

Somebody correct me if I'm wrong here. I was told that starting in 2000 or 2001 the mint no longer makes halves to put in the money supply but just makes limited amounts for collectors. Of course they can end up in circulation but their not intended for that.

Anybody shed some light on this?

 

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By law, the Mint must produce the half dollars, but sometime in 2000, they stopped releasing them into circulation. The half dollar rolls and bags that the Mint sells is only the tip of the iceberg. The rest are stored in their vault.

Chris

 

Doug,

2001 was not released into circulation. They didn't sell any of the 2001 inventory until they released a specialty bag, $100 Mixed P&D in 2004. I'm 100% positive because that is how I got my 2001-D missing the clad layer.

Chris

 

A small percentage of the Denver coins were in fact released into circulation.

 

Just another case of government stupidity!!! Why produce them if no one wants them?? Wonder how much that costs the taxpayer each year??

 

The "fact" that no one wants them is somewhat misleading. People do want them...they just can't get them. There are a legion of us local collectors who pester the bank for halves, and they just cannot get them. Now, if there are multiples of us here in this fairly small town, it only stands to reason that there are LOTS of us throughout the country.

It's like the old line about telling someone what their opinion is. "If I want your opinion I'll give it to you!"

They say there is no demand, so they don't allow their issuance, and so in their opinion, it's justified!

Now, I am sure most people are only looking for silver...Not me...I want to do a complete date/mintmark set...and I like to leave them as tips.

 

I spend the halves I get from roll searching, most people are tickled pink to get them, they seem to think I have handed them some rarity. The same goes for ikes, two dollar bills, sbas, and golden colored dollars.

 

I've had no trouble getting halves. I ordered $5000 worth last week.

It will take an act of congress to change the minting of the half dollar. The mint is required to make coins according to the forcasts by the Federal Reserve. No one orders halves for circulation, however they can make them for special sets. What doesn't get ordered into a set gets released into circulation.

I enjoy spending them from time to time. I love reminding businesses that according the the Coinage Act of 1965 that the MUST accept them. I tell the call the cops, or edited and take this legal tender.

 

I have no trouble either submitting and receiving orders. I don't have my inventory software with me, but I'm confident I have several yr 2000+ specimens found from those orders...

 

Thanks for the heads up guys. I'm going to go out on a limb and assume there's no real premium to them then? Considering if you want them for a collection you can just get them from the mint.

 

I save any half I find that is in decent shape from 2002 forward. I figure if it isn't worth anything other than 50 cents in the future I haven't lost anything. With interest on savings so low I feel less bad about holding cash (coin).

 

I concur.

 

I was just about to say something similar, but you saved me the trouble.

Chris

 

According to my s/w inventory, pertaining to 2K+ specimens, I have quantities of 2000-P, 2001-P, 2004-P, and 2008-D,P. All were obtained from circulation via bank box orders (roll searching.)

 

I think we both may be correct to some degree.
http://www.ustreas.gov/education/faq/currency/legal-tender.shtml
I read this as saying "Joe's Diner doesn't have to accept large bills"
However, if I attempt to make my mortgage payment at the local branch and I bring in rolled coins the bank must accept them as tender to a creditor.