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How and why did the half dollar piece become so unpopular with the public?
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<p>[QUOTE="GDJMSP, post: 923334, member: 112"]It happened because people are creatures of habit. Yes, halves circulated in the early '60's, but nowhere near the extent that the smaller denominations did. The quarter has always been the workhorse of the US coinage.</p><p><br /></p><p>Now what does that have to do with habit ? Well when the Kennedy half first came out every person in the country was convinced that the coins were going to be valuable so they were hoarded. One could not be seen in ciruclation without somebody plucking it out of the public eye and saving it at home. This continued for years.</p><p><br /></p><p>And right there the habit of spending halves was broken. People absolutely refused to spend them because they were going to be "valuable", someday.</p><p><br /></p><p>Even today, if a half dollar is seen in circulation somebody grabs it up, sticks it in their pocket and saves it at home. A new habit was formed.</p><p><br /></p><p>That's why you don't see them anymore.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 923334, member: 112"]It happened because people are creatures of habit. Yes, halves circulated in the early '60's, but nowhere near the extent that the smaller denominations did. The quarter has always been the workhorse of the US coinage. Now what does that have to do with habit ? Well when the Kennedy half first came out every person in the country was convinced that the coins were going to be valuable so they were hoarded. One could not be seen in ciruclation without somebody plucking it out of the public eye and saving it at home. This continued for years. And right there the habit of spending halves was broken. People absolutely refused to spend them because they were going to be "valuable", someday. Even today, if a half dollar is seen in circulation somebody grabs it up, sticks it in their pocket and saves it at home. A new habit was formed. That's why you don't see them anymore.[/QUOTE]
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How and why did the half dollar piece become so unpopular with the public?
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