Historic records indicate this hoarding was instigated by people who deeply loved Kennedy, and felt this coin ownership represented a piece of American history. Today no silver is found in our half dollars in circulation. The silver content then went down to 40 percent and gradually the silver content was eliminated over time. This caused a hoarding of this famous half dollar. The first minting of this commemoration coin held 90 percent silver.
Since there was no mint-mark, collectors had no way to tell which city or center actually minted them, and this caused the collectors of that time to almost ignore them. For the collector, however, this served to lower the value of the 40 percent half. It made the 40 percent silver half the only coin with silver available, and this only worked to increase its perceived higher value. The ratio of 40 percent silver was minted until 1970 when the metals changed to only copper-nickel combinations.Īt the same time the silver in the Kennedy Halves was being reduced to 40 percent, the silver content from the dime and the nickel was being eliminated altogether. The 40 percent silver coins disappeared from circulation almost as quickly. A total of 295,046,978 of 40 percent junk silver coins were produced between Philadelphia and Denver Mint Departments and even though the copper-nickel metal values did equate in value at the time, silver was simply more popular. More coins had to be produced to equal the need for coinage. Every time the Kennedy Half was released, it was hoarded out of circulation, causing a need to produce more coins due to the shortage of half dollars. Contact us often to find out exactly what it is we have and what our price is.When the 40 percent silver halves were released in 1965, hoarding continued. We are frequently buying junk gold and silver, as well as bullion. While we do carry precious metals in stock, it is too difficult for us to maintain a running inventory on our website. These are bullion pieces that are still pure and traded as pure bullion, but with a lower premium. Unrecognized bullion bars are bars or rounds of pure silver that have been assayed, but is not recognized by the commodity exchanges (see these links for complete lists of recognized gold and silver assayers). Impure coins and bars are not tax exempt, including the South African Krugerrand, despite its status as a bullion coin.
Tax Note : According to Canadian sales tax rules, all pure silver and gold is sales tax exempt. Johnson Mathey, Engelhard, or in the case of coins the Royal Canadian Mint). Bullion coins and bars are certified to be pure by a recognized assayer (e.g. Because the bullion is pure to a thousandths of of an ounce, they are traded at a premium over spot, whereas junk coins are not.
The most recognizable and traded forms of precious metals are in the forms of bullion coins and bars. Silver Clad Coins (1965-1970 50 Cent Only)
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