Myers Depot Metal Detectors

Silver streak is saved by Box 5!

KingTotsalot

KingTotsalot

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As one can tell from the title, there was not much in the first 4 boxes this past week, only 1 Proof...a 2003S, not silver, and 11 NIFCs total, but Box 5 came through with a very pretty 64 Ken...in good enough condition KT did not even bother to wash it, much less dip it in the Royal Cleaner Bath!

Enjoy the pics, KT was relieved to find that silver, even if it had to wait until the last box of the hunt! HA HA
 

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Cool! I'm starting to get the hang of this...that little Mint mark below JFK's neck determines an NIFC? Also...do you find it strange people are cashing in the fresh date NIFC's? What do you think is going on here?
 
Mud-puppy said:
Cool! I'm starting to get the hang of this...that little Mint mark below JFK's neck determines an NIFC? Also...do you find it strange people are cashing in the fresh date NIFC's? What do you think is going on here?
Click to expand...

For NIFCs, it is all in the date. Starting in 2002, the US Mint dramatically reduced the production of halves...from an average of around 10 million total per year to around 2 million, and they quit releasing them through banks, instead selling $1000 bags to anyone. That pretty well ended the casual collector's access to them. Dealers would buy the bags, sort through them to get high grade coins for their customers, then, and this is what KT thinks, when the next year's bags were issued, the dealers would dump their previous year's purchase to get most of their cash back...to buy the next bag. That is mostly, imho, how these NIFCs get back into circulation. Now the 1987 is the exception...for unknown reasons, the US Mint produced less than 3 million of them. Collectors snapped them up! They are more scarce in circulation than NIFCs, because most are still held by collectors...only when something happens and relatives get hold of the collection, and they see no silver, that they dump them to convert to paper money, do they appear in circulation. Many KT has recovered are "mint fresh" , leading His Majesty to this conclusion.
 
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