I dont get it!!!
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  1. #1
    us
    Aug 2009
    117
    4 times

    I dont get it!!!

    check out this link.
    http://cgi.ebay.com/1982-P-KENNEDY-H...item439cc8e974

    some one bid 70 dollars for a roll of 1982 halfs. Am I missing something? Are 1982 cooins special?

  2. #2
    us
    Jun 2009
    1,512
    6 times

    Re: I dont get it!!!

    would say because close to 30 years and uncirculated... but they are loose in pic wtf? no idea...

  3. #3
    jp
    Jun 2009
    Japan
    Bounty Hunter Tracker IV, Garret Ace 250
    657
    Honorable Mentions (1)

    Re: I dont get it!!!

    What the heck? I agree, what am I missing?!
    <a href='http://www.irazoo.com/ReferedNewUser.aspx?Refby=Coins4Cheese'><img src='http://www.iRazoo.com/images/irazoo_Winwithme.jpg' border='0'/></a>

  4. #4
    Charter Member
    us
    Dec 2008
    St. Augustine, FL
    4,362
    1991 times

    Re: I dont get it!!!

    The mint did not issue mint sets in '82 and '83. Mint sets would be the source of mint state coins that collectors want. Consequently, there weren't many rolls of '82 and '83 set aside at the time. Now, due to diminished supply, the cost of a 1982 Kennedy half (uncirculated) is $6 - $8. Now, you might find some excellent examples of 82 and 83 in the wild, but they really won't pass muster as an "uncirculated" coin.

  5. #5
    us
    Mar 2007
    Michigan
    Whites V3i
    486
    73 times
    All Types Of Treasure Hunting

    Re: I dont get it!!!

    1982 coin are a bit special, but only in new condition.

    They are worth many times more in mint state (uncirculated) condition because the US mint did not issue mint sets in 1982 or 1983, so those that typically bust open mint sets to get uncirculated coins for their collections would have to hope to get their coins somewhere else. Check out the prices for uncirculated coins for those two years. I wish I had put away a few new rolls from that era.

  6. #6
    us
    Sep 2008
    115

    Re: I dont get it!!!

    8 suckers, I mean people bid on it. It'll take several generations for those halves to be worth 7x face. IMO.

  7. #7
    Charter Member
    us
    Dec 2008
    St. Augustine, FL
    4,362
    1991 times

    Re: I dont get it!!!

    Quote Originally Posted by dp2013
    8 suckers, I mean people bid on it. It'll take several generations for those halves to be worth 7x face. IMO.
    They are already worth $6-8 dollars a piece for uncirculated mint state specimens. By my calculations, they are already worth 12x face.

  8. #8
    us
    Aug 2009
    117
    4 times

    Re: I dont get it!!!

    Quote Originally Posted by Diver_Down
    Quote Originally Posted by dp2013
    8 suckers, I mean people bid on it. It'll take several generations for those halves to be worth 7x face. IMO.
    They are already worth $6-8 dollars a piece for uncirculated mint state specimens. By my calculations, they are already worth 12x face.

    it seems to me that I have come across 1000 of 82-83 coins. I honestly cant beleve that they go for more then a 40% coin.
    So basically I sould spend my time culling 82-83 coins as well?

  9. #9
    us
    Aug 2009
    ACE 250 (MD) Bare hands (CRH)
    2,074
    18 times
    All Types Of Treasure Hunting

    Re: I dont get it!!!

    Quote Originally Posted by thing
    Quote Originally Posted by Diver_Down
    Quote Originally Posted by dp2013
    8 suckers, I mean people bid on it. It'll take several generations for those halves to be worth 7x face. IMO.
    They are already worth $6-8 dollars a piece for uncirculated mint state specimens. By my calculations, they are already worth 12x face.

    it seems to me that I have come across 1000 of 82-83 coins. I honestly cant beleve that they go for more then a 40% coin.
    So basically I sould spend my time culling 82-83 coins as well?
    I would if you are finding them at that clip. Keep them and as you get better ones throw back the ones in poor shape.
    There is no silver left around here...

  10. #10
    us
    Oct 2009
    1,023
    10 times

    Re: I dont get it!!!

    could also be sellers friends bidding up the item

  11. #11
    Charter Member
    us
    Dec 2008
    St. Augustine, FL
    4,362
    1991 times

    Re: I dont get it!!!

    Quote Originally Posted by thing
    Quote Originally Posted by Diver_Down
    Quote Originally Posted by dp2013
    8 suckers, I mean people bid on it. It'll take several generations for those halves to be worth 7x face. IMO.
    They are already worth $6-8 dollars a piece for uncirculated mint state specimens. By my calculations, they are already worth 12x face.

    it seems to me that I have come across 1000 of 82-83 coins. I honestly cant beleve that they go for more then a 40% coin.
    So basically I sould spend my time culling 82-83 coins as well?
    The 82 and 83 coins found in the wild won't be worth more than face. You might be fortunate to find some exceptional ones, but the premium is applied to the mint state coins. Slightest scratch, wear on the rim, devices marred, etc. and it is face value. Personally, I would only buy these coins in person or unless they were in a souvenir set or a private mint set. Souvenir sets were available at the gift shop of the respective mints for visitors. This would be my first choice. Some sets were assembled from rolls by private mints. Numismatic News sponsored such a set. Other than those two avenues, I would have to evaluated each coin in person to consider even buying.


  12. #12
    us
    Apr 2007
    N.E. of Atlanta
    687
    1 times

    Re: I dont get it!!!

    Diver Down, you have done an excellent job trying to explain the deal with the 82' and 83's .. I wish a few more of the posters on this thread had spent a little more time reading what your explanation was .. Thanks, Gpurs..

  13. #13
    Charter Member
    us
    Dec 2008
    St. Augustine, FL
    4,362
    1991 times

    Re: I dont get it!!!

    Quote Originally Posted by GPURS
    Diver Down, you have done an excellent job trying to explain the deal with the 82' and 83's .. I wish a few more of the posters on this thread had spent a little more time reading what your explanation was .. Thanks, Gpurs..
    Thanks. Of course, if hunters want to start culling the 82's and 83's from circulation, it is fine by me. Less for me to wade through to find the silver.

    The same underlying concept is applied to the NIFC found in the wild. They have low mintages, but there is an ample supply on the market to supply collectors from mint rolls and bags.

  14. #14
    us
    Apr 2005
    North Carolina
    Garrett AT Gold
    6,327
    2514 times
    All Types Of Treasure Hunting

    Re: I dont get it!!!

    Quote Originally Posted by GPURS
    Diver Down, you have done an excellent job trying to explain the deal with the 82' and 83's .. I wish a few more of the posters on this thread had spent a little more time reading what your explanation was .. Thanks, Gpurs..
    Good! I wasn't the only one that noticed lots of posting and no reading.
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  15. #15
    us
    Oct 2009
    89

    Re: I dont get it!!!

    I found a Roll of what looked like uncirculated 1982 half dollars in a hand roll from a bank. I was wondering "why anyone would save these" as I rubbed the mint luster off and threw them in the dump pile.

    I Guess I should have hung on to them...

 

 

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