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When did half dollars stop circulating?
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<p>[QUOTE="Neal, post: 26758334, member: 43872"]Of course the end of circulation for halves came over a period of years, but I think the time differed by region. My dad was a small town banker in central Alabama, and I worked in the bank as a kid wrapping coins. Silver dollars and halves circulated more out west, I was told, but we still used both, in limited quantities, until the end of silver coins. By the time I was working summers as a teller in the late 1960s and early 70s, I don't remember anyone using halves much anymore, although once in a great while someone would deposit some. Once a person brought in a hoard of halves from a deceased grandparent--Barbers and Walking Liberties mostly, maybe a couple of thousand dollars face. The grandparent had lost money in the depression and never trusted banks or paper money after that, so for decades he had put all his savings in a box under his bed.</p><p><br /></p><p>The reason for the demise of the half from circulation is more complicated than just the loss of silver. Clad dimes and quarters still circulate. I believe it has more to do with the general inflation of the 1970s. Before then, a half dollar represented considerable buying power, and one or two in your pocket was good. But with inflation the value/weight ratio just didn't justify a pocket full of them, so people turned more to paper. That's the main reason, in my opinion, dollar coins didn't take off. As for the dimes and quarters, they are still useful for making change (for those of us who sometimes still use cash), but nobody carries around significant amounts of them. I generally dump them in a basket on my dresser the way people once did cents, and one day I'll roll them and take them to my bank. None of it circulates like it used to. When was the last time you found an undamaged dime or quarter in VG or less?[/QUOTE]</p><p><br /></p>
[QUOTE="Neal, post: 26758334, member: 43872"]Of course the end of circulation for halves came over a period of years, but I think the time differed by region. My dad was a small town banker in central Alabama, and I worked in the bank as a kid wrapping coins. Silver dollars and halves circulated more out west, I was told, but we still used both, in limited quantities, until the end of silver coins. By the time I was working summers as a teller in the late 1960s and early 70s, I don't remember anyone using halves much anymore, although once in a great while someone would deposit some. Once a person brought in a hoard of halves from a deceased grandparent--Barbers and Walking Liberties mostly, maybe a couple of thousand dollars face. The grandparent had lost money in the depression and never trusted banks or paper money after that, so for decades he had put all his savings in a box under his bed. The reason for the demise of the half from circulation is more complicated than just the loss of silver. Clad dimes and quarters still circulate. I believe it has more to do with the general inflation of the 1970s. Before then, a half dollar represented considerable buying power, and one or two in your pocket was good. But with inflation the value/weight ratio just didn't justify a pocket full of them, so people turned more to paper. That's the main reason, in my opinion, dollar coins didn't take off. As for the dimes and quarters, they are still useful for making change (for those of us who sometimes still use cash), but nobody carries around significant amounts of them. I generally dump them in a basket on my dresser the way people once did cents, and one day I'll roll them and take them to my bank. None of it circulates like it used to. When was the last time you found an undamaged dime or quarter in VG or less?[/QUOTE]
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When did half dollars stop circulating?
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