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50th Anniversary of the Kennedy Half Dollar in 2014
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<p>[QUOTE="Conder101, post: 771594, member: 66"]Up until that point the half dollar was a regular circulating coin that was in common everyday use. But EVERYONE wanted the new coin with the martyred President on it. Not just in the US but all around the world. As soon as the coins would hit the banks they would be snapped up and hoarded. Circulation of the new coins just didn't happen. it also didn't help that they were silver and the metal in the coins was right at or even a little above the face value of the coins. So the Franklins continued to circulate but the Kennedys did not. Then with the 1965 -69 Greshams law conspired to push the Franklins out of circulations while at the same time their own silver content made them vulnerable to Greshams law with the clad coins forcing them out of ciculation (along with the still unsated demand for the hoarding of the Kennedy coin.) By the time the Kennedy switched to clad in 1971 the half dollar had effectively been out of circulation for seven years. Habits had changed and there was no longer a demand for the large coin. (Plus now when one did appear it was considered so unusual that it was still hoarded for that reason alone. All of these things conspired to kill the circulation of the half dollar. If Kennedy had not been assasinated and the Franklin had continued and been made of the 40% silver and finally clad composition the public may hav conatinued their habit of circulating half dollar and they might have remained an everyday use coin.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 771594, member: 66"]Up until that point the half dollar was a regular circulating coin that was in common everyday use. But EVERYONE wanted the new coin with the martyred President on it. Not just in the US but all around the world. As soon as the coins would hit the banks they would be snapped up and hoarded. Circulation of the new coins just didn't happen. it also didn't help that they were silver and the metal in the coins was right at or even a little above the face value of the coins. So the Franklins continued to circulate but the Kennedys did not. Then with the 1965 -69 Greshams law conspired to push the Franklins out of circulations while at the same time their own silver content made them vulnerable to Greshams law with the clad coins forcing them out of ciculation (along with the still unsated demand for the hoarding of the Kennedy coin.) By the time the Kennedy switched to clad in 1971 the half dollar had effectively been out of circulation for seven years. Habits had changed and there was no longer a demand for the large coin. (Plus now when one did appear it was considered so unusual that it was still hoarded for that reason alone. All of these things conspired to kill the circulation of the half dollar. If Kennedy had not been assasinated and the Franklin had continued and been made of the 40% silver and finally clad composition the public may hav conatinued their habit of circulating half dollar and they might have remained an everyday use coin.[/QUOTE]
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50th Anniversary of the Kennedy Half Dollar in 2014
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