There were over 19,000,000 Kennedy Halves struck in 2000 for circulation. What's happening with the

dan1ecu

Obviously Kennedy Halves are not popular with the public. I've read quite a few messages on this board that pertain to clerks at stores not even knowing that a half dollar coin exists.

So, why did they make over 19 million of them in 2000 (I don't know how many were struck in the years 2001-2004), and what are those coins being used for? Are they just sitting in banks? If nobody is spending them, why are business strikes still being made?

Does anyone know?

Dan

loanshark

So the Mint can make more money on people like us. Since they made 'em, that means they set the price of what they are worth regardless of what the face amount of the coin says.

Loan Shark

IrishMike

They were sent to the casinos for the slots.

foodude

I think Marty is secretly hiding them hoping that one day after Russ has all the proof AHs he will turn his attention to 2000 halfs.

cladking

The fed and mint pay out the coins which have been in stock the longest and there
was a large net inflow for years starting around the fall of '99. It is likely that many
of the 2000 dated coins are still sitting in storage. There is a draw down from casinos
and other users but this demand has been dropping for more than a decade now
because the casinos are using a lot of their own chips and tokens. My understanding
is that most of this demand is in Mississippi now. Since 2001 the production has bas-
ically been limited to what collectors and mint customers will buy.

Compa

They are being used as shrapnel in anti-personel weapons in Iraq.

They will be released to circulation after being recovered and cleaned.

Stuart

Russ has most of them hoarded already