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A question about the metal content in halves
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<p>[QUOTE="Snowman, post: 845106, member: 10480"]You got some good questions here Drago - i know my local Walmart's self check out doesnt take halves either. so i just dump my direct-ship dollars into it. the questions with halves is that habits are hard to break. i get a 1-2 boxes of halves a year thru my bank and i spend them. One cashier i see often says she takes them all home with her. I think its just a habit of people when people see them they think they are odd and want to hold on too them. Just like when the state quarters came out. Seems like alot of people kept every one they got. Now its just the opposite. i would just keep spending the halves.</p><p> </p><p>your 2nd question was - </p><p style="text-align: left"><span style="color: #000000"><b><i>So my question is, if halves are only being minted mainly for collectors and at a premium to buy circulation grade halves, why don't they just stop making them all together?</i></b></span></p> <p style="text-align: left"><span style="color: #000000">i know for the mint, its business at usual. They are making money by making money. i would guess with the halves they are making 1-2 millions dollars just for making them. according to the report</span></p> <p style="text-align: left"><span style="color: #000000"><a href="http://news.coinupdate.com/us-mint-circulating-coin-shipments-fall-0123/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://news.coinupdate.com/us-mint-circulating-coin-shipments-fall-0123/" rel="nofollow">http://news.coinupdate.com/us-mint-circulating-coin-shipments-fall-0123/</a> i would est. it cost about 20 cents to make each half and then they sell them for .65 to .82 each. so do the math on how much they make and sell. Just like the dirct ship dollars- the report says it cost 30 cents to make a dollar coin and the mint ships them in lots of 250 for the direct ship program. i estimate thats a 175 dollar profit so they can eat the cost of the shipping. just a thought Snowman <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></span></p><p>[/QUOTE]</p><p><br /></p>
[QUOTE="Snowman, post: 845106, member: 10480"]You got some good questions here Drago - i know my local Walmart's self check out doesnt take halves either. so i just dump my direct-ship dollars into it. the questions with halves is that habits are hard to break. i get a 1-2 boxes of halves a year thru my bank and i spend them. One cashier i see often says she takes them all home with her. I think its just a habit of people when people see them they think they are odd and want to hold on too them. Just like when the state quarters came out. Seems like alot of people kept every one they got. Now its just the opposite. i would just keep spending the halves. your 2nd question was - [LEFT][COLOR=#000000][B][I]So my question is, if halves are only being minted mainly for collectors and at a premium to buy circulation grade halves, why don't they just stop making them all together?[/I][/B][/COLOR] [COLOR=#000000]i know for the mint, its business at usual. They are making money by making money. i would guess with the halves they are making 1-2 millions dollars just for making them. according to the report[/COLOR] [COLOR=#000000][URL]http://news.coinupdate.com/us-mint-circulating-coin-shipments-fall-0123/[/URL] i would est. it cost about 20 cents to make each half and then they sell them for .65 to .82 each. so do the math on how much they make and sell. Just like the dirct ship dollars- the report says it cost 30 cents to make a dollar coin and the mint ships them in lots of 250 for the direct ship program. i estimate thats a 175 dollar profit so they can eat the cost of the shipping. just a thought Snowman ;)[/COLOR][/LEFT][/QUOTE]
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