Question about NIFC coins

[kawika18]

I have been wondering lately and hoped that someone here could help me understand. Why are they minting coins that are NIFC? What's the point? Seems like a waste of money and resources to mint a bunch of coins and then just store them away in some warehouse/vault. Never to see the light of day. Anyone? Anyone??

 

[Diver_Down]

They are a limited mintage targeting the collecting community. Visit the US Mint's site to see the premium charged to buy the coins by the roll/bag. Just because they end up in circulation doesn't mean the Mint in releasing them through normal distribution channels (Fedral Reserve). Even if they did release them through the Fed, understand seigniorage. The government does not lose any money in minting half dollars.

 

[mr.landpirate]

Seigniorage Now that's a real 50cent word. I like it!


the difference between the cost of the bullion plus minting expenses and the value as money of the pieces coined, constituting a source of government revenue.

 

[kawika18]

Thanks for the responses. That makes sense.

 

[50cent]

NIFC- "En-Aye-Eff-Cee"
Formal Acronym
Definition
(1) not intended for circulation
(2) Nice I Found Clad

 

[CW3(ret) US Army]

I have been wondering lately and hoped that someone here could help me understand. Why are they minting coins that are NIFC? What's the point? Seems like a waste of money and resources to mint a bunch of coins and then just store them away in some warehouse/vault. Never to see the light of day. Anyone? Anyone??

The government does it for the collecting community. As landpirate says it is a money making deal for the government. It's just like with postage stamps because when a collector gets a stamp, it goes into their album & is never used. It's one of the few times government makes money instead of wasting it.

HH
Gary