| Author |
 Topic  |
|
|
hobo finds
Penny Hoarding Member
838 Posts |
 Posted - 04/26/2009 : 10:03:27
|
|
Are NIFC coins proof coins that some how went into circulation? What coins were made as NIFC?
|
|
|
Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 04/26/2009 : 12:03:48
|
Not Intended For Circulation (NIFC) are regular business strikes minted in lower numbers and sold by the mint (usually at a premium) to collectors.
Proofs are struck from laboriously polished dies giving a mirrored background and frosted relief, sold by the mint in limited quantities at a much higher premium. The highest grade Coinage produced. |
There's profit if you melt things!!
8{> |
 |
|
|
oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 04/26/2009 : 20:30:05
|
| I believe the 1/2 series has the most of them. 70, 87, 2002+ |
|
|
|
daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 04/26/2009 : 22:13:04
|
quote:
I believe the 1/2 series has the most of them. 70, 87, 2002+
2001p also is NIFC |
Inquiring minds want to know |
|
|
|
Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 04/27/2009 : 16:52:13
|
quote:
2001p also is NIFC
A rose by anyother name would smell as sweet.
There were way to many '01P's minted and in circulation for me to consider it anything other than a regular business strike.
PS - If you want to collect '01P's I'll sell you rolls weekly for $11.00 if you pay shipping. |
There's profit if you melt things!!
8{> |
|
|
|
vrbsroma
Penny Collector Member
394 Posts |
Posted - 04/27/2009 : 20:00:40
|
| I think 2002 start NIFC, not 2001, from what I've read. And I believe 2007 ends it? Or is 2008 NIFC as well? What about 2009? Do they make 2009 Kennedy Halves? |
As far as I know, it is stated "In God We Trust" on the US dollar. How can I trust this currency if I do not believe in God?
Possession is nine-tenths of the law.
When I give my two cents, they're always copper! |
|
|
|
daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 04/27/2009 : 21:29:29
|
quote:
A rose by anyother name would smell as sweet.
There were way to many '01P's minted and in circulation for me to consider it anything other than a regular business strike.
Call it a piece of metal if you want its still considered NIFC
quote:
I think 2002 start NIFC, not 2001, from what I've read. And I believe 2007 ends it? Or is 2008 NIFC as well? What about 2009? Do they make 2009 Kennedy Halves?
|Trust me the 2001 Philadelphia halves were not NIFC. They are still produced and are still NIFC
NIFC= Not issued for Circulation
NIFC Kennedy Halves = 1970d 1987p 1987d 2001p and 2002pd- present |
Inquiring minds want to know |
|
|
|
daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
|
|
hobo finds
Penny Hoarding Member
838 Posts |
Posted - 04/28/2009 : 21:06:52
|
| Why would someone pay more money that the coin was worth and then set them free in the wild? |
|
|
|
just carl
Penny Hoarding Member
USA
601 Posts |
Posted - 04/28/2009 : 21:41:12
|
quote:
Posted - 04/28/2009 : 21:06:52
Why would someone pay more money that the coin was worth and then set them free in the wild
I don't think you understand what is happening everywhere. Many, many coin collections are being robbed and the criminals dump the coins into circulation. Very few criminals are in reality Numismatist. People at coin shows have been robbed, houses with coins have been robbed, coin stores have been robbed. Collectors kids and other relatives find and spend coins from a collection. Many collectors pass away and relatives find those coins and don't have any idea what to do so they spend them as just coins.
Very few individuals that collect coins would just spend a coin that they spent more than face value on.
Criminals, even if they know the coins values, don't want to take the chance of getting caught attempting to acquire coin values. |
Carl |
|
|
|
buyingsilvers
Penny Collector Member
441 Posts |
Posted - 04/28/2009 : 23:37:18
|
I keep all the BU & coins I find (also proofs) to make sets & hopefully sell them by the roll later.
I've searched tens of thousands of dollars in halves. My guess is $20-28 thousand in the last few months alone, and I've never seen these before. That should speak something about its rarity.
1970d 1987p 1987d
The 2001P halves are not rare at all. |
Edited by - buyingsilvers on 04/28/2009 23:39:34 |
|
|
|
daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 04/29/2009 : 08:45:20
|
| i know the 2001'a are not rare i think it was 21,000,000 million minted. They were on sale for the longest time on the mint website i think like 5 years. maybe the mint decided to dump them when they moved there facility |
Inquiring minds want to know |
|
|
|
Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 04/29/2009 : 10:26:09
|
| i have searched probably 10-15K of halves and have 2 87's, both the same mint (D I think). half dozen post 2001 halves. no 70-D. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
|
|
|
|
Kurr
1000+ Penny Miser Member
2906 Posts |
|
|
Cerulean
Penny Hoarding Member
USA
993 Posts |
Posted - 04/29/2009 : 13:44:22
|
| I don't like the "Not intended for circulation" terminology. Rather, I think of them as "collector demand only". This applies to half dollars minted 2002-present, and Sacagawea dollars 2002-2008. |
Sorting Map
2010 First Finds Contest
Are you a Buffalo Hunter?
Wanna take seignorage away from the Fed? Spend *any* coins!
We cannot afford this government.
Cerulean's Standing Offer: $3/lb shipped for foreign coins |
|
|
|
buyingsilvers
Penny Collector Member
441 Posts |
Posted - 04/29/2009 : 14:11:09
|
quote:
Originally posted by Kurr
so 2002 - present is NIFC? Dang I just used a roll of BU 2005s with a couple 2004s in a trade with a buddy. Might have to get him to sell em back to me if they worth much more than face.
To be honest, aside from the 1970 & 1987 kennedy, they really aren't worth mcuh of anything. The proofs & silver proofs are worth somethng though.
Mintage simply too high with too many BU coins. |
Edited by - buyingsilvers on 04/29/2009 14:12:38 |
|
|
| |
Topic |
|
nifc coin question
Forum Locked
