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Thread: Kennedy "Not Issued for Circulation" Question

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  1. #1
    us
    Dec 2009
    U.S.A.
    ACE 250; Lone Star
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    All Types Of Treasure Hunting

    Kennedy "Not Issued for Circulation" Question

    I recently purchased the "red book." I noticed that for many of the newer halves there is footnote which states, "Not issued for circulation," such as the 2007P. What exactly does this mean? Does anyone keep these halves?
    Thanks!
    apush

  2. #2

    May 2006
    CO, AZ
    dfx, Ryedale!
    1,712
    169 times

    Re: Kennedy "Not Issued for Circulation" Question

    From 2002 forward they are not intended for circulation. We call it NIFC.

    Look at prior threads on this board for who does what with them, and their values. It hasd been discussed a lot. :-)

  3. #3
    jp
    Jun 2009
    Japan
    Bounty Hunter Tracker IV, Garret Ace 250
    657
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    Re: Kennedy "Not Issued for Circulation" Question

    Half dollars from 2002 + are Not Intended for Circulation coins, or "NIFC" for short. These mintages are very low, and some people believe that they will eventually increase in value. 1970 and 1987 are also "NIFC" half dollars. Most NIFC half dollars are relatively easy and common to find (except for 1970). Most people just keep one-two rolls of each date and mint.
    <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
    us
    Feb 2010
    69

    Re: Kennedy "Not Issued for Circulation" Question

    according to the red book, the 2001 P is also NIFC
    HH, Craigpcdmc
    __________________________________________________

    2009-2010 Totals

    Wheaties: 65
    Coppers: 7lbs
    Silver Roosevelts:5
    40%ers: 1
    90%ers: 0
    NIFC Halves: 9
    Silver Quarters: 0
    War Nicks: 1
    pre 65 Nicks: 30

  5. #5
    us
    da book worm--researcher

    Feb 2007
    callahan,fl
    delta 4000 / ace 250 - used BH and many others too
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    Re: Kennedy "Not Issued for Circulation" Question

    their meant for "proof sets" and collectors --not for general use as "change" --thus "not intened for curculation" or use as money but rather as "collector items".

  6. #6
    us
    Mar 2008
    Michigan
    2,484
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    Re: Kennedy "Not Issued for Circulation" Question

    Quote Originally Posted by ivan salis
    their meant for "proof sets" and collectors --not for general use as "change" --thus "not intened for curculation" or use as money but rather as "collector items".
    This may be a erroneous statement? I'm pretty sure NIFC's are NOT proof coins......

    Mojo
    CRH Mojo "Thanks For buying American"

  7. #7
    jp
    Jun 2009
    Japan
    Bounty Hunter Tracker IV, Garret Ace 250
    657
    Honorable Mentions (1)

    Re: Kennedy "Not Issued for Circulation" Question

    Quote Originally Posted by coinmojo
    Quote Originally Posted by ivan salis
    their meant for "proof sets" and collectors --not for general use as "change" --thus "not intened for curculation" or use as money but rather as "collector items".
    This may be a erroneous statement? I'm pretty sure NIFC's are NOT proof coins......

    Mojo
    But proof coins are not intended for circulation.
    <a href='http://www.irazoo.com/ReferedNewUser.aspx?Refby=Coins4Cheese'><img src='http://www.iRazoo.com/images/irazoo_Winwithme.jpg' border='0'/></a>

  8. #8
    us
    da book worm--researcher

    Feb 2007
    callahan,fl
    delta 4000 / ace 250 - used BH and many others too
    16,264
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    Re: Kennedy "Not Issued for Circulation" Question

    proof coins and others not intend for use as "everyday money" are --"not intended for circulation" --proof coins are meant not to be taken out of their holders and used as money -- thus they too would be not intended for circulation just like the normal plain jane NIFC are. the proof sets just are higher grade coins is all , cheese 4 coins gets my drift perfectly .

    NOT ALL NIFC ARE PROOF COINS , BUT ALL PROOF COINS ARE NIFC -- NIFC ARE MADE FOR COIN COLLECTORS BASICALLY..

  9. #9
    us
    Apr 2005
    North Carolina
    Garrett GTI 2500 Garrett AT Gold
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    Re: Kennedy "Not Issued for Circulation" Question

    Quote Originally Posted by craigpcdmc
    according to the red book, the 2001 P is also NIFC
    That's a misprint. Look at the total minted.
    2017 COIN ROLL HUNTING TOTALS!

    Wheats..417
    Buffalos..0
    war nickels.0
    Silv Dimes...-0
    Silv Quarters-0/0
    Barbers-0/0
    Walker 1
    Bens- 0
    Kenn. 90%- 4
    Kenn. 40%- 49
    Proof- 6
    Silv. Proof -1
    Commemorative-0/0

  10. #10
    us
    Feb 2010
    69

    Re: Kennedy "Not Issued for Circulation" Question

    "that's a missprint"
    Thats what i thought, but thats what it says. Thanks!
    HH, Craigpcdmc
    __________________________________________________

    2009-2010 Totals

    Wheaties: 65
    Coppers: 7lbs
    Silver Roosevelts:5
    40%ers: 1
    90%ers: 0
    NIFC Halves: 9
    Silver Quarters: 0
    War Nicks: 1
    pre 65 Nicks: 30

  11. #11
    us
    Mar 2008
    Michigan
    2,484
    2 times

    Re: Kennedy "Not Issued for Circulation" Question

    Quote Originally Posted by ivan salis
    proof coins and others not intend for use as "everyday money" are --"not intended for circulation" --proof coins are meant not to be taken out of their holders and used as money -- thus they too would be not intended for circulation just like the normal plain jane NIFC are. the proof sets just are higher grade coins is all , cheese 4 coins gets my drift perfectly .

    NOT ALL NIFC ARE PROOF COINS , BUT ALL PROOF COINS ARE NIFC -- NIFC ARE MADE FOR COIN COLLECTORS BASICALLY..
    Just wanted to be sure that the rookies on this thread don't get the idea that NIFC's coins are proof quality, and we are talking about coins that are struck the same way Business struck coins are produced. They are just made in a much smaller quantity than prior to 2001 and number in the 2 too 3.5 million range, that would be "CONSIDERED" N I F C.

    A PROOF coin, that is obviously not intended for circulation, has a whole different process and finish and are packaged with the intention of being preserved and are generally sealed in a case.

    However the NIFC's are not PROOF coins. And are produced I would imagine specifically to satisfy the demand from the collecting community, and are not seald but rather are rolled just like other business stike coins.

    Mojo
    CRH Mojo "Thanks For buying American"

  12. #12
    us
    Dec 2008
    St. Augustine, FL
    3,619
    981 times

    Re: Kennedy "Not Issued for Circulation" Question

    Quote Originally Posted by coinmojo
    Quote Originally Posted by ivan salis
    proof coins and others not intend for use as "everyday money" are --"not intended for circulation" --proof coins are meant not to be taken out of their holders and used as money -- thus they too would be not intended for circulation just like the normal plain jane NIFC are. the proof sets just are higher grade coins is all , cheese 4 coins gets my drift perfectly .

    NOT ALL NIFC ARE PROOF COINS , BUT ALL PROOF COINS ARE NIFC -- NIFC ARE MADE FOR COIN COLLECTORS BASICALLY..
    Just wanted to be sure that the rookies on this thread don't get the idea that NIFC's coins are proof quality, and we are talking about coins that are struck the same way Business struck coins are produced. They are just made in a much smaller quantity than prior to 2001 and number in the 2 too 3.5 million range, that would be "CONSIDERED" N I F C.

    A PROOF coin, that is obviously not intended for circulation, has a whole different process and finish and are packaged with the intention of being preserved and are generally sealed in a case.

    However the NIFC's are not PROOF coins. And are produced I would imagine specifically to satisfy the demand from the collecting community, and are not seald but rather are rolled just like other business stike coins.

    Mojo
    Nice Job, Mojo, on the clarification. Ivan has been "loose" in his definition and usage of proof coins before. More seasoned veterans know what he is referring to, but newbies might be confused. (No offense, Ivan).

  13. #13
    us
    Apr 2009
    East Coast
    White's MXT
    511
    25 times
    Honorable Mentions (1)

    Re: Kennedy "Not Issued for Circulation" Question

    The US Mint does not release halves to be circulated anymore. If you want for instance a 2010 Half dollar you must buy it at a premium from the mint. The most likely reason you can find them in rolls is someone either just cashed them in because they needed the money or a collector pulled out the choice coins from a roll or bag and dumped the rest.

    Joad

  14. #14
    us
    Mar 2009
    MI
    ace 250
    1,882
    18 times
    All Types Of Treasure Hunting

    Re: Kennedy "Not Issued for Circulation" Question

    Wow, big fuss over some NIFC's... Anyone who has seen a proof coins knows the difference.. Some people on here might not have ever seen a real proof coin yet. Bottom line is that NIFC coins are worth keeping, at least a roll of em, maybe even a roll of each year/mint. Someday they will be worth more money.
    If you look at other coins in the past that have low mintages, such as a 1950D nickel for instance. They only minted like 2 million of those. It is considered on of the hardest Jefferson nickels to come across, and they are worth far more than face value. I've seen them on ebay going for 10-15 dollars a pop, and people do bid on them. I have only found 2 of those in all the nickels I have searched. Just an example of how low mintages will be worth more money down the road. Most NIFC halves only had about 2 million minted, some of them below 2 million. Just imagine in 10-20 years how difficult they will be to find. Just keep them if they are in good shape guys, can't realy hurt to.
    2012 finds

    40%- 88

    A lot of garage sale gold and silver!

  15. #15
    us
    Dec 2008
    St. Augustine, FL
    3,619
    981 times

    Re: Kennedy "Not Issued for Circulation" Question

    Quote Originally Posted by timbobwey
    Wow, big fuss over some NIFC's... Anyone who has seen a proof coins knows the difference.. Some people on here might not have ever seen a real proof coin yet. Bottom line is that NIFC coins are worth keeping, at least a roll of em, maybe even a roll of each year/mint. Someday they will be worth more money.
    If you look at other coins in the past that have low mintages, such as a 1950D nickel for instance. They only minted like 2 million of those. It is considered on of the hardest Jefferson nickels to come across, and they are worth far more than face value. I've seen them on ebay going for 10-15 dollars a pop, and people do bid on them. I have only found 2 of those in all the nickels I have searched. Just an example of how low mintages will be worth more money down the road. Most NIFC halves only had about 2 million minted, some of them below 2 million. Just imagine in 10-20 years how difficult they will be to find. Just keep them if they are in good shape guys, can't realy hurt to.
    Hate to burst your bubble, but just because there is a low mintage does not guarantee a windfall 20 years from now. The reason the 50-D fetches those prices is because relatively few were saved at the time. Consequently, current demand exceeds the current supply. In 20 years from now, the NIFC halves might indeed appreciate in value, but don't hold out hope waiting for the windfall. There is more than an adequate supply that is being saved that has never seen circulation from mint rolls and bags. In 20 years, this ample supply will still be available.

 

 
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