Comments on: Proof Set of 2024 American Innovation Dollars Available

By: CaliSkier

CaliSkier — Wed, 31 Jul 2024 21:54:49 +0000

In reply to Rick. Norm!

By: John Q. Coinage

John Q. Coinage — Wed, 31 Jul 2024 21:06:27 +0000

In reply to Kia99. Reaching a LIVE a person at EBay is like calling FDR expecting an answer…..eBay customer service stinks

By: John Q. Coinage

John Q. Coinage — Wed, 31 Jul 2024 21:01:37 +0000

In reply to Rick. Dust gathering with $100,000,000.00 in Prez dollars

By: CaliSkier

CaliSkier — Wed, 31 Jul 2024 19:55:32 +0000

Kaiser Wilhelm said: “I’m a bit perplexed as to how the seignorage can be exactly fifty cents per coin because that particular figure doesn’t seem to account for the Mint’s raw material and production cost to make each Kennedy Half Dollar which is an expense that to be subtracted from what the Fed pays the Mint for each coin since to the best of my knowledge that is after all how the net seignorage per coin is determined. Just asking.” No worries Mr “Details”!JK/LOL
In all the above dithering details, an important one must have slipped by? In 2023 the seigniorage generated is $0.48 per $1 face of Kennedy halves, which equates to $0.24 cents per each $.50 Kennedy Half. Hope that clears up the associated cost to produce. I’ll provide the link to the 2023 Annual Report and if interested, scroll down to the “Circulating Coins” section and check out the “Seignorage chart/figures(Pg 13) they provide.

https://www.usmint.gov/wordpress/wp-content/uploads/2024/01/2023-Annual-Report.pdf

By: CaliSkier

CaliSkier — Wed, 31 Jul 2024 17:28:53 +0000

In reply to CaliSkier.

3rd try after an edit sent to spam and 2nd attempt in waiting for approval stage.
Another informative piece from Paul Gilkes and CoinWorld: “Federal Reserve puts 2022 half dollars into circulation” Excerpt and link below: “From 2002 to 2020, all Kennedy half dollar production was destined for offerings of numismatic products, including the circulation-quality pieces, sold at premiums in bag and rolls.”

https://www.coinworld.com/news/us-coins/federal-reserve-puts-2022-half-dollars-into-circulation

PS ?The annual report for 2020 reported seignorage for circulating Kennedy half dollars at $100,000.(200,000 coins)?

The Annual report for 2023, appears to indicate that somewhere between 8.6-9(range for Major D) million Kennedy halves, generated $4.3 million in seignorage? What happened to the total of 58 million circulating coins produced, $24 million in face value, circulation Kennedy halves minted in 2023??? The numbers do not jive? Weird,
Right? LOL 2023 Bags product limit 11,000 (200 coins/bag )equals 2,100,000 coins
2023 Rolls product limit 25,000 (40-coins/2 roll set) equals 1 million coins.
2023 Uncirculated Coin sets 181,690 (2-coins/set) equals 363,280 coins.
Total 3,463,389 (numismatic)
That leaves us with 54,536,320 remaining coins potentially going to the Federal Reserve? That’s equivalent to $27,268,310. Per the US Mints 2023 annual report, at a rate of $0.48 seignorage per $1, that should or would be $13,088,788.80 of seignorage??? The Mint only reported a 2023 Kennedy Half dollar seignorage total of $4.3 million for fiscal year 2023. Where did or is the other/remaining $8,788,788.80 in seignorage and approximately 45,936,320 million 2023 Kennedy halves they reportedly produced or where did they end up??? Even if I missed product, unlikely that these coins were manufactured for or sold to the ABPP program participants. Maybe someone can explain or convince me, something($8.78 million) isn’t amiss?

By: CaliSkier

CaliSkier — Wed, 31 Jul 2024 17:20:12 +0000

In reply to CaliSkier.

Rick, others, the “declared”mintage/production figures, of Kennedy Half dollars for years 2020-present are as follows: 2020 5.7 million, 2021 13.1 million, 2022 9.7 million, 2023 58 million, & 2024 18.3 million so far. 2021 saw the USM deliver 9.1 million Kennedy halves to the Federal Reserve for circulation. In 2022 the USM supposedly supplied over or close to 6.6 million Kennedy halves to the Federal Reserve.(see article below)

Here’s what Paul Gilkes for CoinWorld and the US Mint said re: 2021 & 2022 Kennedy Half dollars for “circulation”. “Mint suspends production of 2022 Kennedy half dollars” (interestingly, no mention or accounting of the Kennedy halves in the Uncirculated sets. 2/set, right Major D? Thanks again for the catch in my NA $1 computations.

https://www.coinworld.com/news/us-coins/mint-suspends-production-of-2022-kennedy-half-dollars

The USM sales of Uncirculated coins sets for 2020-2023 are as follows: 2020 they sold 211,787(423,574) , 2021 230,756(461.512) and still available, 2022 sold 249,995(499,990) LKS, & 2023 so far, 181,690(363,380) LKS as of 7/28/24. (Source Coin News 7/23/24, USM 7/28/24)

By: CaliSkier

CaliSkier — Wed, 31 Jul 2024 17:19:14 +0000

Rick commented: “Maybe the extra ’23 & ’24 NA coins are stored next to the 70 Million extra ’23 & ’24 circulation quality Kennedy half dollars that are left over from the sets, rolls, & bags?” Also, “Thanks, the biggest question for me is why. Why strike 50+ million Kennedy coins last year, and 20+ million this year(so far)? I stated my theory and it wasn’t popular.” Good question Rick, so number searching and crunching I go…
(See next 2 consecutive posts)

By: Rick

Rick — Wed, 31 Jul 2024 06:43:32 +0000

If you can return or exchange it, give it a try like AK said..
A scratched slab is my worst pet peeve of the hobby(besides a scratched coin). Some people just don’t care, mostly the morons in the pawn shops, LCS, and auction sites tossing stuff around. Some coins trade back & forth several times over time so scratching can be expected. It’s distracting and it does affect the value in some cases.
With that being said, some of my best buys have been scratched up holders purposely bought, knocking off hundreds, and in a couple of cases, more than a thousand in savings(example a CC $1 in a bad GSA holder). I go in knowing I’ll be re-holdering the coin. It’s difficult to see the nice coin past the bad holder sometimes, but it can be done with some practice. But first and foremost you need high quality photos of the coin from multiple sources. Otherwise I won’t buy.

If the coin is worth at least $2-300 and you like the coin but not the holder, have it re-holdered. It’s worth it (to me)to have a pristine coin in a pristine holder. Nothing better!
Just my $.02 Major D…

By: Rick

Rick — Wed, 31 Jul 2024 05:54:26 +0000

In reply to CaliSkier. Thanks, the biggest question for me is why. Why strike 50+ million Kennedy coins last year, and 20+ million this year(so far)? I stated my theory and it wasn't popular.

By: CaliSkier

CaliSkier — Wed, 31 Jul 2024 04:14:52 +0000

Kaiser asked: “Where are we getting these availability numbers these days? I thought we lost this ability.”
When a product gets to 99 or less in inventory, if you put 99 in your cart/bag, if there is 99 or less, then number available will show up in red showing as a “x” “in stock number”. You can check those 2024 Kennedy’s by placing 99 2-roll sets in your bag/cart, then continue shopping, then click on the “view bag” button in the upper right. Currently there are or you should see, “77 Item(s) in stock”. I’m using a cellphone vs computer, so maybe someone can chime in, if this displays the same on a computer as well? Sometimes I leave a bunch of items in my cart to easily check. Kennedy half, Uncirculated Set, Liberty and Britannia Ag Medal and others. Then I can check to easily monitor as we get to 99 or less. Again, not sure about on a computer whether the Bag refreshes and resets to zero when entering from a saved “favorites” tab, however from my phone, when I click on a saved USM tab, my bag is filled still with previous items. Once I log onto their site the items are in the bag, however if I leave them there and sign off, the bag refreshes/resets to zero/no items.