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How and why did the half dollar piece become so unpopular with the public?
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<p>[QUOTE="proofartoncircs, post: 924498, member: 25952"]<<Maybe I'm just dense, but I fail to see how you can apply Gresham's Law selectively, where the half dollar is concerned, without considering the same application for quarters and dimes.</p><p><br /></p><p>Perhaps I am misinterpreting the intent of Gresham's Law, but I see it as the base metal coinage (clad) driving out the precious metal coinage (silver) irrespective of the denomination. I don't think it can be cited as an explanation for the demise of the half dollar.</p><p><br /></p><p>Chris >></p><p> </p><p>OK, lets combine Gresham's law and my point that halves were less in number than dimes or halves.</p><p> </p><p>1) the halves were the biggest piece of silver in commomn circulation. People preferred to hoard them.</p><p>2) The fact Kennedy was on the new halves was a very big draw.</p><p>3) Being comparativly few in number, they disappeared first.</p><p> </p><p>Out of the habit of using them, banks now did a 180 and wanted no part of them anymore. I always found it somewhat difficult to get even clad halves after 1964.</p><p>It was easier than now, though.[/QUOTE]</p><p><br /></p>
[QUOTE="proofartoncircs, post: 924498, member: 25952"]<<Maybe I'm just dense, but I fail to see how you can apply Gresham's Law selectively, where the half dollar is concerned, without considering the same application for quarters and dimes. Perhaps I am misinterpreting the intent of Gresham's Law, but I see it as the base metal coinage (clad) driving out the precious metal coinage (silver) irrespective of the denomination. I don't think it can be cited as an explanation for the demise of the half dollar. Chris >> OK, lets combine Gresham's law and my point that halves were less in number than dimes or halves. 1) the halves were the biggest piece of silver in commomn circulation. People preferred to hoard them. 2) The fact Kennedy was on the new halves was a very big draw. 3) Being comparativly few in number, they disappeared first. Out of the habit of using them, banks now did a 180 and wanted no part of them anymore. I always found it somewhat difficult to get even clad halves after 1964. It was easier than now, though.[/QUOTE]
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How and why did the half dollar piece become so unpopular with the public?
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