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Ever seen a vending machine accept half dollars?
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<p>[QUOTE="midtncoin, post: 2886820, member: 89569"]I've always assumed it was a two-pronged issue. First, vending machines did not accept them since, prior to the mid-60's, a soda was only 5 or 10 cents. There was really no reason to use a half dollar to buy anything from a machine. Secondly, the perfect storm of the loss of silver in 65 and the assassination of Kennedy which caused the new coins to be hoarded led to an instant "vacuum" of halves in the channels of commerce. No one spent the silver ones because of their bullion content and no one spent the new Kennedys for nostalgia purpose. So they disappeared. As the vending prices increased, vending machine manufacturers didn't upgrade their machines to accept halves since no one used them anyway. Since vending machines didn't accept them at that point, no one bothered to carry them after the nostalgia of Kennedy had worn off. </p><p><br /></p><p>Thus a vicious cycle of negative reinforcement was put into play by a perfect set of circumstances leading us to today where the half hasn't been minted for circulation in 15 years.[/QUOTE]</p><p><br /></p>
[QUOTE="midtncoin, post: 2886820, member: 89569"]I've always assumed it was a two-pronged issue. First, vending machines did not accept them since, prior to the mid-60's, a soda was only 5 or 10 cents. There was really no reason to use a half dollar to buy anything from a machine. Secondly, the perfect storm of the loss of silver in 65 and the assassination of Kennedy which caused the new coins to be hoarded led to an instant "vacuum" of halves in the channels of commerce. No one spent the silver ones because of their bullion content and no one spent the new Kennedys for nostalgia purpose. So they disappeared. As the vending prices increased, vending machine manufacturers didn't upgrade their machines to accept halves since no one used them anyway. Since vending machines didn't accept them at that point, no one bothered to carry them after the nostalgia of Kennedy had worn off. Thus a vicious cycle of negative reinforcement was put into play by a perfect set of circumstances leading us to today where the half hasn't been minted for circulation in 15 years.[/QUOTE]
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