Theories of origin of NIFCS?

[Jsayre1234]

Theories of origin of NIFC'S?

I am wondering if anyone had any theories as to how NIFC coins might get there way into our rolls. Where do they get distributed? I am mostly talking about the 2002 and above coins. I was just wondering because today my girlfriend and I went through four boxes of halfs and in two of them we found a total of 17 nice 2004 P's and D's. She found four in one roll, her reaction was worth the 2000$!

 

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[TT]

Re: Theories of origin of NIFC'S?

No rocket science needed. Very simply, they get spent at a store or deposited directly to the bank from someone who purchased them from the mint.

 

[gold fish]

Re: Theories of origin of NIFC'S?

I'm pretty sure they stamp 'em at the mint.

 

[coinmojo]

Re: Theories of origin of NIFC'S?

Here is a theory.

The mint had more than they could handle or produced more than they had a market for. and with all the CRH's out there ordering boxes they just released them.
I'm sure dealers and collectors alike paid a premium on them, so if you found one or two. It might of been someone falling on hard times and dumping them (when they couldn't sell them at the premium) for quick cash. Or dealers trying to clear up some capitol.

If you found lots of them it could be the fed dumping hoards of overstock to Fill all our orders.

Based on what I'm seeing here in this forum in the last few years, hundreds have joined the ranks of CRH'g and the the Fed released them to supply chain to fill the demand. from Brinks ,Loomis and the like.

A Conservative guess of the Numbers of CRH's out there has probably grown 10 fold in the last 2 to 3 years. And a lot of newbies quickly go from buying all the costumer rolled halves that they can find at the banks cold calling, to ordering box's when they can't find anymore in the wild. And they start with 1 box and if they get lucky and find anything in those boxes they double up the next time and double up again and before you know it that newbie is doing 4,6,8,10 boxes or more a week.

I started about 3 years ago and within the first couple of months I bought my first box and now do way more than any sane citizen should. all this without the aid of treasure net or some other CRH'g blog.

My intrest went from casual searching of coins I could purchase at the branch I was banking at. To a dozen boxes a week when Silver prices started to climb. Or when it became profitable.

So the volume of coins being searched caused NIFC coins to be released into the wild. and once they become readally available to the public in circulation they really can't get that Premium like they used to further causing them (the Fed.) To have even more stockpiles of NIFC coins sitting in their vaults. Vicious circle...... IN THEROY

Anyone else second this line of thinking.

CRH Mojo

 

[Cat J]

Re: Theories of origin of NIFC'S?

I have more than one roll of each year now so I no longer keep any that I find.

HH
Cat

 

[Silver_Fox]

Re: Theories of origin of NIFC'S?

I tossed all mine back into the wild.

 

[Scott (Mich)]

Re: Theories of origin of NIFC'S?

The fifteen lowest mintage Kennedy halves (excluding proofs)

# 1970 D - 2,150,000
# 1987 P - 2,890,758
# 1987 D - 2,890,758
# 2002 P - 3,100,000
# 2002 D - 2,500,000
# 2003 P - 2,500,000
# 2003 D - 2,500,000
# 2004 P - 2,900,000
# 2004 D - 2,900,000
# 2005 P - 3,800,000
# 2005 D - 3,500,000
# 2006 P - 2,400,000
# 2006 D - 2,000,000
# 2007 P - 4,100,000
# 2007 D - 4,100,000

I think any of the above are worth keeping.

If there are more then 3 million collectors of them then the price is sure to go up since not everyone can get one. I really have no idea how many people collect them though.

Happy Hunting,

Scott (MI)

 

[coinmojo]

Re: Theories of origin of NIFC'S?

Notice the spike in production for 2007

Mojo

 

[Jsayre1234]

Re: Theories of origin of NIFC'S?

Interesting, thanks for the replies. Someone else said they got over six rolls out of one box! Something is going on here.

 

[coinmojo]

Re: Theories of origin of NIFC'S?

"Someone else said they got over six rolls out of one box! Something is going on here."

About 2 months ago when I had a long period of skunk boxes I was getting boxes filled with roll after roll of 1996P. I had heard that the Indian casinos around here were getting away from coin slots and going to paper well sure enough I was getting rolls from Brinks with casino wrappers, followed by a couple weeks of boxes filled with 2002 thru 2006 NIFC coins seemed odd to me. But it kinda confirms the casino angle a large dump that took Month's to deplete.
It seems we have passed that phase here now because the 96P's and NIFC rate has fallen off to normal levels and no more casino wraps.
I now have multiple rolls of each year. I can't really afford to tie up that much capitol either, so gonna have to toss back any others I might find from here on out.

 

[GMan00001]

Re: Theories of origin of NIFC'S?

Here is a theory.

The mint had more than they could handle or produced more than they had a market for. and with all the CRH's out there ordering boxes they just released them.
I'm sure dealers and collectors alike paid a premium on them, so if you found one or two. It might of been someone falling on hard times and dumping them (when they couldn't sell them at the premium) for quick cash. Or dealers trying to clear up some capitol.

If you found lots of them it could be the fed dumping hoards of overstock to Fill all our orders.

Based on what I'm seeing here in this forum in the last few years, hundreds have joined the ranks of CRH'g and the the Fed released them to supply chain to fill the demand. from Brinks ,Loomis and the like.

A Conservative guess of the Numbers of CRH's out there has probably grown 10 fold in the last 2 to 3 years. And a lot of newbies quickly go from buying all the costumer rolled halves that they can find at the banks cold calling, to ordering box's when they can't find anymore in the wild. And they start with 1 box and if they get lucky and find anything in those boxes they double up the next time and double up again and before you know it that newbie is doing 4,6,8,10 boxes or more a week.

I started about 3 years ago and within the first couple of months I bought my first box and now do way more than any sane citizen should. all this without the aid of treasure net or some other CRH'g blog.

My intrest went from casual searching of coins I could purchase at the branch I was banking at. To a dozen boxes a week when Silver prices started to climb. Or when it became profitable.

So the volume of coins being searched caused NIFC coins to be released into the wild. and once they become readally available to the public in circulation they really can't get that Premium like they used to further causing them (the Fed.) To have even more stockpiles of NIFC coins sitting in their vaults. Vicious circle...... IN THEROY

Anyone else second this line of thinking.

CRH Mojo

I posted this previously, but since it came again I will post it again (or as close as I can from memory).

I don't think the Fed released any NIFC halves into circulation since otherwise they wouldn't be NIFC.

I have heard the following and believe it is probably true. Coin dealers and collectors have purchased bags and rolls of NIFC halves directly from the mint. Some of those who purchased these coins did it only to find the select few that would grade MS-6X or above and sent them in to be graded or kept them for themselves (I am not sure what level they kept, but each collector could be different). The rest of the halves they knew they couldn't sell for anything above 50 cents due to lack of demand so they just cashed them in. That would also explain why sometimes you find NIFC halves in large groups (they were the ones that didn't grade high enough to keep out of the roll/bag).