Are we putting a dent...........

[thurmownator]

............in the Fed's inventory ?

If you subscribe to the theory I posed in March (http://forum.treasurenet.com/index.php/topic,77871.0.html) the following is seemingly consistent.

When I first got back into CRHing in mid Dec, I was amazed at the number of AU '96d halves I was finding. A few months later, AU '94d halves began popping up in great numbers. In the last two weeks, I've starting seeing many, many AU 89d halves in the rolls I'm getting.

Question is (remains): are all the keepers we're pulling from circulation forcing the Fed to release older halves; that they had held in inventory until now ?

Way to go guys. Let's stick it to the man. 8)

 

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[fiatboy]

I do think we're making a dent, albeit a small one.

 

[packerbacker]

I'm not so sure about that. I think the only demand there is for halves is when a hunter orders a box. Who else uses them? They're actually less useful than the penny in todays market. Of course you can say the same thing about these dumb dollar coins they keep releasing. They just aren't practical. If it's possible that roll hunters can increase releases of more halves, then they are just going to flood the market with non-silver and thereby reducing the odds of a silver in a roll. Now, if they start releasing some boxes of old Walking Libertys, we've done well.

 

[cyberdan]

I think we are putting some kind of a dent in the half population. A few weeks ago, when I was visiting my local coin store, the owner came out from the back carrying a large coffee can. I could tell it was very heavy. He walked over to a coin counter machine and poured it in top. A minute later his son carried over a smaller container and poured it in. Now my curiosity was awake. I couldn't tell what they poured in so I got as close to the machine as I could and it was all JFK halves. Couldn't tell if 40s or 90s though. There must be several CRHers that sell to him to get that many. I would guess he had around 500 - 750 in that one batch.

 

[Emperor Findus Cladius]

For us to put a dent into it there would have to be a demand for them to be used in circulation like the penny, nickel, dime and quater, and they are not. As stated previously us CRH'ers are mainly the ones with any size demand, and we may keep the silver, but the vast majority of the clad goes back to the bank. I don't think we have really affected anything other than rescuing the lost silver.