Message:

<p>[QUOTE=&quot;johnmilton, post: 26758307, member: 101855&quot;]The Kennedy half dollar killed the half dollar as a circulating coin. Not long after that, speculators got wind that the price of silver was headed up to the point when the spot price would exceed the face value of the silver coins in circulation. It didn&#039;t really happen for a number of years after 1964, but by the late 1960&#039;s, coin dealers were buying 90% silver coins for nominal amounts over face of like 8%. By the early 1970s, nearly all of the 90% silver coins were out of circulation. </p><p><br /></p><p>People continued to hoard Kennedy half dollars, even the pieces dated 1971 and later which had no silver in them. They didn&#039;t understand that those coins had no numismatic or melt value. I ran into many of these hoards when I was buying coins from non collectors who were my parent&#039;s age. The numismatic and silver coins they had were worth something. The hoards of copper-nickel Kennedy half dollars were worth face value. They could not believe it.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in