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Message:: [QUOTE="19Lyds, post: 805052, member: 15929"]The government killed the half. What little did circulate for the Franklin's were quickly swapped out for the new 64 JFK's. The President had not even been gone a full year before legislation passed to produce these so folks reacted by hoarding as much as they could. The coin market no doubt promoted these as being very collectible so folks simply responded. It did make sense. The net result was that the half dollar disappeared. Throw the silver act on top of it and these were just never to be found much anymore. I firmly believe that merchants need to start ordering and using the dollar coins but unfortunately, the only way to get change going is to actually force it by eliminating the dollar bill. I believe that the current government stockpile is what will be used to replace the rag buck when they eventually do stop producing it. It may take another year or two but economically speaking, it will happen. There's already change in the wind for the US Treasury changing to possibly cheaper coinage metals so the paper dollar ain't that far behind. Now, if you were a merchant that regularly ordered $1,000 in one's to cover your change transactions, how willing would you be to order only $500 with the balance in dollar coins? How willing would you be to chage your accounting procedures to facilitate using these coins? Probably not very willing since change always costs overhead money in both improper change given out and different storage methods. It's not an easy task especially for large merchant organization like Target or WalMart. These folks deal in millions of dollars and $1,000 bills store way easier than 1,000 coins. Change will occur but there's gonna be a lot of screaming going on at the same time. Once folks get used to the idea of dollar coins instead of dollar bills, things will settle back to normal.[/QUOTE]

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