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What are halves and dollars used for today?
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<p>[QUOTE="RomaniGypsy, post: 7952029, member: 49234"]I'm not sure that I'm on the bus with demonetizing them, but if you stop printing them, they will vanish relatively quickly for two reasons: 1) their average useful life is only 17 months; 2) collectors will hoard them.</p><p><br /></p><p>And I'd be in favor of a $2 coin. Canada does it and they seem to like it.</p><p><br /></p><p><br /></p><p><br /></p><p>I find it funny when I spend dollar coins and the people receiving them look twice to see what the heck they just got.</p><p><br /></p><p><br /></p><p><br /></p><p>True, but I figure that the wear on an average 1971 half was mostly put on in the earlier years of its life. They stopped minting halves for circulation in 2001, meaning that there must have been a strong demand for them way back when, especially in the early '70s. (I've found whole rolls of 1971, 1974, bicentennial, etc. Of course, no 1978 or 1979-D, or even better, 1970.)</p><p><br /></p><p><br /></p><p><br /></p><p>I should start looking into buying collections. Only thing is, I'm not sure I'd have the money to do it. I couldn't just drop ten G's on a collection even if I thought I could resell it, within seven years, for thirty. Somehow, I'm just terrible at locating stuff of value. I'll think I've found something valuable and then I go to sell it at what appears to be "a bargain" and there's zero interest. Not even people making offers. I truly despise selling things, for that reason. Such a waste of time.</p><p><br /></p><p>Or maybe I'm just not doing it right. I only sold collectibles privately one time, and I had an easy time and got a decent price for them.[/QUOTE]</p><p><br /></p>
[QUOTE="RomaniGypsy, post: 7952029, member: 49234"]I'm not sure that I'm on the bus with demonetizing them, but if you stop printing them, they will vanish relatively quickly for two reasons: 1) their average useful life is only 17 months; 2) collectors will hoard them. And I'd be in favor of a $2 coin. Canada does it and they seem to like it. I find it funny when I spend dollar coins and the people receiving them look twice to see what the heck they just got. True, but I figure that the wear on an average 1971 half was mostly put on in the earlier years of its life. They stopped minting halves for circulation in 2001, meaning that there must have been a strong demand for them way back when, especially in the early '70s. (I've found whole rolls of 1971, 1974, bicentennial, etc. Of course, no 1978 or 1979-D, or even better, 1970.) I should start looking into buying collections. Only thing is, I'm not sure I'd have the money to do it. I couldn't just drop ten G's on a collection even if I thought I could resell it, within seven years, for thirty. Somehow, I'm just terrible at locating stuff of value. I'll think I've found something valuable and then I go to sell it at what appears to be "a bargain" and there's zero interest. Not even people making offers. I truly despise selling things, for that reason. Such a waste of time. Or maybe I'm just not doing it right. I only sold collectibles privately one time, and I had an easy time and got a decent price for them.[/QUOTE]
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