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went through 45 Kennedy rolls from the bank today-update
So for $450 in Kennedy rolls. I netted 13 40% silver halves and 1 bicentennial AU/UNC with the "CE" missing from Independence on the reverse. Also, 2 Franklin halves, a 1960d and 62d. The 62d is fbl and was UNC until thrown in with these. Both the franklins have nice toning actually. Not really worth the effort. It is amazing how many 1971's and 1972's there were. They are on the whole a much better strike than the later years. Also, it is interesting how even the more recent coins had some sort of toning.
matt
edit for update
matt
edit for update
"the world is full of kings and queens, they blind your eyes and steal your dreams, it's Heaven and Hell"
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Frank
Here's a warning parable for coin collectors...
(She said, shamelessly self-promoting herself)
And just think, you don't have to sort through them!!!
auctions
Lord Marcovan--I would take that teller a little present.
I got a roll of halves last month that had three 40% halves. (lesse, that's 3 x 0.4 x 0.5.....)
It was the same batch in which I found 10 rolls of 1985-D BU rolls of halves. All in all a fantastic bag.
Ebay
I would have bought the credit union teller who scored me those 40% halves lunch or something, but she refused. What is strange is that this was a new branch office, and I had only been in there twice before, yet she remembered me and the fact that I collected coins. (This was kind of spooky until I remembered asking about safe deposit boxes on my first visit- I must have mentioned coins then.)
Sleep well tonight for the 82nd Airborne Division is on point for the nation.
AIRBORNE!
<< <i>Im willing to bet the majority of UNC Kennedy's are sitting in some government vault since most of the time you don't find squat when you look through rolls!
Frank >>
I would be surprised if that were true. I was under the impression that the US Mint disposed/melted most of their clad inventory during the big Silver Bull run in late 70s/ early80s. If not, sooner or later they will have to release them for sale or melt them for use in their Silver Eagles--Supposedly the Mint has run out of silver bullion inventory this year and will now have to purchase silver on the market. One thing I've noticed is that my retrieval of 40% clads has directly reflected the mintages from '65-'69. Most of my netted clads are '67 and '68s. At one point I rarely found 1969 clads and thought they may have never made it out of Mint vaults, but recently I've gotten much more of them.
There are rumors (See April ed. of Coinage) that coining of new halves by the Mint may be halted in the near future. Hate to see that happen, but the fact that they are rarely circulated these days makes that a distinct possibility. I know I'm doing my share to "distribute" them--Everywhere I go local shops get a few from me for small purchases
The fed recovered a lot of silver from circulation in 1968 and '69. I believe
it was almost entirely 90% and don't know what, if any, they got of the 40%
when it's value went over face.
I hate it when you see my post before I can edit the spelling.
Always looking for nice type coins
my local dealer
Thanks for the welcome, Clad King. Enjoyed reading your posts for awhile...
estimates of up to 80%, but suspect it was more on the order of 30%
of mintage. I actually got to see what types of things were being melt-
ed in those days and when there was 40% silver it was very often BU
rolls which collectors and hoarders were cashing in. Perhaps large amounts
were melted and perhaps they were disproportionately uncs, but I've never
heard of the fed melting such coin. It's not impossible, but remember it was
late '78 or '79 before the value of the 40% halfs exceeeded face. By this
time there were very few of these in circulation. Even clad halfs would have
been kept in low numbers at the individual fed banks. It doesn't seem likely
that they would bother to separate these for the small numbers they would
find, and so far as I know, it has never been reported.