NIFC ???

[davew0710]

What exactly are NIFC and how do you know you have one?

 

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[Fredness]

http://forum.treasurenet.com/index.php/topic,54523.0.html
Not Intended For Circulation
All 2001+ Kennedy's.

 

[DigginThePast]

Some examples of NIFCs are proof issues and some commemoratives. Basically any coin that has been minted by the U.S. Mint but not placed into circulation by them, rather it has been produced for collectors.

Fredness - I don't think the 2001-D nor the 2005 issue Kennedy's are treated as NIFCs but the rest sure are. If memory is correct.

 

[coinmojo]

I just recently purchased a 2010 copy 63rd edition of "The Official Red Book" and it appears that the 2005 JFK's apparently is considered a business strike with 3.8 million struck at ea. mint it was the highest mintage since 2001 and does not have not issued for circulation note next to it in the red book

Mojo

 

[qwerty]

NIFC examples for halves are 1970-D, 1987-P, 1987-D, and everything 2002 and after.
For dollar coins - Eisenhower 1973-P and 1973-D, Susan B. Anthony 1981-P, 1981-D, 1981-S, Sacagawea 2002 to 2008.

 

[Coins4Cheese]

Fredness - I don't think the 2005 issue Kennedy's are treated as NIFCs

Why 2005? Also, you guys left out proofs and silver proofs. They're NIFC coins right?

 

[Cerulean]

Whether intended for circulation or not, in twenty years, the only thing half dollar collectors will still care about is the heart-stoppingly low mintages of halves minted 2002 and beyond.

 

[obediah]

http://forum.treasurenet.com/index.php/topic,54523.0.html
Not Intended For Circulation
All 2001+ Kennedy's.

They ain't worth nuthin, I've gotten thousands of them- nobody wants them that i can see, find. have found over 200 Proofs, nobody wants them either- threw themn back too, except for the Silver Proofs; got about 10 of them so far, oldest one a 68 .

 

[DigginThePast]

Fredness - I don't think the 2005 issue Kennedy's are treated as NIFCs

Why 2005? Also, you guys left out proofs and silver proofs. They're NIFC coins right?

The mintage for the 2005 is high enough to be considered a regular business strike. Proofs are NIFCs and were also mentioned. As obediah mentioned though, low mintage does not guarantee high desirability.

 

[golden silver]

The only problem I see with the future value of NIFC is that halves have not circulated very well since what the sixties? Even less now that casinos have mostly gone to electronic. In spite of halves circulating through collectors hands they generally go right back to the banks. My point is that other than silver the NIFC coins largely remain in their original numbers sitting in banks and distribution center. The chances of the NIFC coins being rare enough to be worth much is little I would say. But in tweny years if they are the prized coins then I will be the shmuck.

Golden Silver

 

[AGCoinHunter]

Eventually halves will go the way of the dodo bird. I don't see the govt continuing to mint these when there is little or no demand for them. Not really sure whats going to happen to those already in circulation but I could see them melting them down to make other denominations. Who knows, but I see it a small price to hold these NIFC for an extended period of time. I am not going to hold thousands of them but only the best ones I can find, maybe a few hundred. You can always spend them if needed.

 

[golden silver]

I will save them for collectors books and nothing more.

Golden Silver

 

[coinmojo]

I don't see the govt continuing to mint these when there is little or no demand for them.

As long as they can sell them at a premium they will build them.

Mojo

 

[Diver_Down]

I don't see the govt continuing to mint these when there is little or no demand for them.

As long as they can sell them at a premium they will build them.

Mojo

Ding, Ding, Ding. We have a winner. Regardless of whether the public uses the denomination, the mint will continue the half dollar denomination. Understanding seigniorage determines the fate of a denomination. Not even considering the premium that the mint earns by selling the coins to collectors, the mint makes money by releasing the coinage to the Federal Reserve. The Feds buy the coin at the face value and it is an asset of the Federal Reserve. The difference in the the actual manufacture cost and the price it is sold is called seigniorage. For example, the dollar coin cost about a $.25 to produce. The $.75 difference is profit to the mint regardless of whether the public uses them. Ideally, the public will remove them from circulation (collecting), creating more demand for the mint to produce more, and hence make more profit. What incentive does Congress (the gov't) have for not passing legislation authorizing the minting of underutilized denominations?