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What does Nifc mean in coin collecting?
As I learn more about numismatics and valuation, the more fascinating I find the phenomena of “Not Intended For Circulation” (NIFC) coinage. At many government mints, it appears NIFC coins are offered in greater abundance than circulating coinage.
What half dollars are not intended for circulation?
The first of the business-strike Kennedy Half Dollars not issued for circulation was the 1970-D. It marks the last year of the 40\% silver clad composition that began in 1965 and was seen only in the uncirculated sets issued for coin collectors that year.
What does Nifc stand for?
NIFC
| Acronym | Definition |
|---|---|
| NIFC | National Inventor Fraud Center |
| NIFC | Northern Ireland Film Commission (UK) |
| NIFC | National Initiative for Children (Poland) |
| NIFC | National Intercollegiate Flying Club |
What is the price of a silver half dollar?
Melt Values of U.S. Silver Coins
| Coin | Composition | Melt Value Updated 12/10/2021 |
|---|---|---|
| Franklin Half Dollar (1948-1963) | 90\% Silver | $8.04 |
| Kennedy Half Dollar (1964) | 90\% Silver | $8.04 |
| Kennedy Half Dollar (1965-1970) | 60\% Copper, 40\% Silver | $3.29 |
| Morgan Dollar (1878-1921) | 90\% Silver | $17.19 |
Why did they stop making half dollars?
Since 2002, half dollars have been minted only for collectors, due to large Federal Reserve and government inventories on hand of pre-2001 pieces; this is mostly due to lack of demand and large quantity returns from casino slot machines that now operate “coinless”.
When did they stop making Kennedy half dollars?
The Kennedy half dollar, first minted in 1964, is a fifty-cent coin currently issued by the United States Mint. Intended as a memorial to the assassinated 35th president of the United States John F. Kennedy, it was authorized by Congress just over a month after his death….Kennedy half dollar.
| Years of minting | 1964–present |
| Obverse |
|---|
Are half dollars still in circulation?
Mint ceased production of the coin for general circulation. As a result of its decreasing usage, many pre-2002 half dollars remain in Federal Reserve vaults, prompting the change in production. In 2021, half dollars began to be produced for general circulation again.
Are Kennedy half dollars still in circulation?
What is a NIFC half dollar?
NIFC means half dollars minted 2002-present not meant for circulation, but, rather for collectors. Tim Sweet likes this. Any coin issued for collectors, e.g., proof coins or silver proofs, are NIFC. The Kennedy half dollar is no longer issued as a business strike for use in commerce as it used to be.
Did you find NIFC coins?
If you’ve spent any time reading through the stories of coin roll hunters (as you’re doing right now), you’ve undoubtedly come across people saying that they found some NIFC coins. This sort of language is particularly common among the half dollar coin roll hunters.
What is a ninifc coin?
NIFC stands for “Not Intended For Circulation” and includes many different types of coins that were not released as generic business strikes for everyday use including proofs and business strikes of coins from series that were essentially discontinued from “normal production”, such as the Kennedy Half Dollar.
What coins are only available with the mint set?
Mint set only coins such as the 1970 D half, the 1973 Ike dollars, the 1987 halves, the 1996 W dime. Coins that were only available if roll or bag sets such as the business strike quality S mint ATB quarters, half dollars after 2001, dollar coins after 2011 (maybe 2012 not sure when they went to NIFC for those.