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<p>[QUOTE=&quot;John Anthony, post: 1973912, member: 42773&quot;]Yes, Gresham&#039;s law was fully in play. But the commemorative nature of the halves also inspired a lot of hoarding. Kennedy was quite popular and I think a lot of people who weren&#039;t even collectors hoarded the 64 Kennedy&#039;s as keepsakes. It&#039;s one of the reasons you find them with so many different toning patterns. I suspect a lot of them went into grandma&#039;s mahogany dresser, right next to the potpourri - or some such storage arrangement.</p><p><br /></p><p>People would simply prefer to keep the coins than spend them, even today. Case in point: I had a handful of clad mint-set rejects, not worth more than face, so I decided to spend them. The cashier I gave them to immediately set them aside, took out her purse, and replaced them with bills. So much for trying to put them into circulation![/QUOTE]</p><p><br /></p>

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