1982/1983 Kennedy Half Dollars - Pics added

Bigbuck1975 · February 3, 2016 4:10AM

I received a call from a lady with 20 OBW rolls each 1983d and 1982d. Is there real value to these above face?

Internet says $6-8 each, what's the real scoop and is there a market?

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CaptHenway · February 3, 2016 4:54AM

There used to be a lot of put-together rolls of those dates floating around that were actually just AU coins. Protect thine posterior.

Overdate · February 3, 2016 5:09AM

Those were the two years (1982-1983) when mint sets were not issued to the general public, and apparently not many uncirculated rolls of any denomination were saved by collectors or investors.

Also, there was a deep recession going on at the time and, unlike today, interest rates were sky-high. Why save rolls of halves when 30-year government bonds paid over 10 percent annually?

cladking · February 3, 2016 6:36AM

Originally posted by: Overdate

Those were the two years (1982-1983) when mint sets were not issued to the general public, and apparently not many uncirculated rolls of any denomination were saved by collectors or investors.

Also, there was a deep recession going on at the time and, unlike today, interest rates were sky-high. Why save rolls of halves when 30-year government bonds paid over 10 percent annually?

There were probably far more '82 and '83 issues saved in rolls than any other clad except the '65, '66, ('67 halfs) '71 (dollars)'76 (quarters, halfs and dollars), and SBA's. There were probably some 100,000 of these set aside in rolls in the years of issue (a few more for the Denvers)(a few less for the '82). Their higher value really stems from the fact that they don't exist in regular mint sets. This results in two things; first is that most of these rolls were broken up early to build half dollar sets sold to the general public. Second is that without a more robust supply there is no ready source for coins to fill the sets. Many collectors of that era broke up their mint sets as soon as they were recieved to add to and update their collections. These collectors had to seek singles and rolls which were few and far between relative the demand. Since collectors are quality conscious they found difficulty finding choice specimens in BU rolls. This had the effect of creating yet more demand for the coins as singles and rolls.

Few collectors appreciate just how scarce most of these issues are in any condition much less, choice condition. There are many collectors who'd be quite pleased to upgrade their '82 and '83 specimens but don't feel compelled to act because the perception is that they are common even in choice condition. The perception is they have forever to upgrade but the reality is most of the rolls set aside and the privately assembled sets have already been checked for gradable specimens.

The '82 and '83 halfs are horrid. I've never seen a real Gem or anything approaching it. The quarters are little better though some are available in Gem and even the '82-P can be found in near-Gem. I have a small handful of nice choice half dollars and a roll or two in the safety deposit boxes but nothing at all of note.

There are buyers of these coins at bid but they don't get many coins. There are lots of slider rolls of most of these because Numismatic News was talking about the scarcity by May of 1985 before all the coins were well into circulation. People snapped up Uncs and near-Uncs from pocket change. It is very very common to find sets assembled with sliders for these dates but sliders sell for about a quarter of BU price and buyers don't want anything under AU-55.

cladking · February 3, 2016 6:46AM

I'd figure bid for these as $90 per roll for the '82-D and $100 for the '83-D.

As CaptHenway said you need to be careful. You also need to realize that buyers are very few and far between. Finding a strong current bid isn't always possible. When buyers need these they tend to offer significant premiums to bid and then they don't need them any longer. The modern markets are a strange beast even below the poptops.

Slider half rolls are worth much less than 25% of BU roll price because halfs don't circulate so are still available in rolls. Quarters are in VF now days and even AU-50's are getting pretty unusual. High quality BU half rolls are worth far more than bid because some will grade out pretty high and these are easy to sell.

291fifth · February 3, 2016 6:55AM

I seem to recall that many of the halves date 1982 were poorly struck. This could make obtaining high grade examples from the rolls difficult or impossible. I wouldn't be very generous in my offer for such an item as there is a high level of risk involved even if they are true Uncs.

cladking · February 3, 2016 6:57AM

You might be interested to know that everyone's favorite NH wholesaler is currently offering $125 per roll for '82-P and $100 per roll for '83-D half dollars. They will return really bad rolls and put together rolls. Their needs are limited and they insist you call first. It's best to have the coins in hand before attempting to sell.

This post is intended to clarify the market and not to solicit business. I have no stake in this. Tread carefully. It's possible you'll own these a while if you pay bid and bad rolls are a white elephant. About 25% of the rolls out there aren't worth opening.

Bigbuck1975 · February 3, 2016 7:00AM

I am thinking about paying $30 a roll

LanceNewmanOCC · February 3, 2016 7:16AM

.

gr8 experience and advice!

ive noticed all this and im not into modern that much and yet they nailed it.

.

Overdate · February 3, 2016 8:33AM

Are the halves from the '82 and '83 souvenir sets from the mint's gift shops any better than those found in regular unc. rolls?

cmerlo1 · February 3, 2016 9:14AM

Makes me think of all the roll-fresh, high mint-state 1982 and 1983 quarters I plunked into video arcade machines in those years...

cladking · February 3, 2016 9:44AM

Originally posted by: Overdate

Are the halves from the '82 and '83 souvenir sets from the mint's gift shops any better than those found in regular unc. rolls?

I typed out a response and enterred it but it seems to have ended up in the cornfield.

The souvenir set coins are better on average and there are very few ugly coins in them but otherwise they have about the same range of quality as the BU roll coins so they aren't a good source for Gems.

Bigbuck1975 · February 5, 2016 1:46AM

photos added to original post

guitarwes · February 5, 2016 2:55AM

photos not showing for me

jmski52 · February 5, 2016 3:01AM

The coins in the pics look pretty good for those dates, imo.

leothelyon · February 5, 2016 3:08AM

As long as they're not all buggered up.........I would make certain there were a few MS64's - perhaps a MS65 or two in each roll.

cladking · February 5, 2016 3:53AM

They aren't awful but they aren't too special. If these are merely "typical" then there could be a few gemmy examples.

These do look like original rolls based on the edges. The same coins in original bank wrapping would be easy sells and wouldn't come back.

There are typically six to eight die pair represented in a roll. The quality of the coins from these and their relative lack of abrasion determing the interest by buyers. The 25% of rolls that get rejected tend to be rejected because they are pick outs, awful, or abraded. The nice thing about the original roll is most buyers assume there are no pickouts. If you send one bad original roll they'll buy it but if you send a dozen they'll look at the end coins and send them all back.

The '82-D isn't half bad and I wouldn't mind searching a few rolls of these.

1982/1983 Kennedy Half Dollars - Pics added

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