Post by Paranoid Android on Jun 8th, 2015 at 10:54pm
http://www.coinworld.com/voices/bill-gibbs/2015/06/rolling_stones_conce.html#
Rolling Stones concert surprise source of half dollars in change
Coin World senior editor Paul Gilkes’ recent blog about receiving a Kennedy half dollar in change at a concession stand at a rock concert and his news article in this issue about increased circulating coinage production are connected, however tenuously.
Paul writes in his blog (http://goo.gl/DQSZrC), “Despite being Coin World ‘s senior editor for U.S. coins, I haven’t seen a Kennedy half dollar in circulation or received one in change for years. That is, until May 30, in, of all places, Ohio Stadium, home to the national champion Ohio State Buckeyes football team.”
He wasn’t attending a Buckeyes game (wrong time of the year) but a concert given by a bunch of old weathered guys in a little rock n’ roll band that you may or may not have heard of before — the Rolling Stones.
The musicians weren’t tossing the half dollars to the crowd, exactly, as Paul explains about his encounter at the concert concession stand.
“All of the food and drink items were priced in even dollar amounts or in 50-cent increments,” Paul writes, adding, “I was actually slightly dumbfounded when the concession worker handed me a well-circulated 1972 Kennedy half dollar in change.”
Paul is always the reporter so he asked the cashier why they were using half dollars; the worker explained that because all of the food and drinks sold at the concession stand were priced in 50-cent increments, all change was handed back in half dollars.
A niche market for half dollars doesn’t get any “nich-ier” than a Rolling Stones concert concession stand in Columbus, Ohio.
The Kennedy half dollar has been a niche coin for decades, used increasingly infrequently in circulation. As Paul explains in his news article at the top of page 5 this week about the Denver and Philadelphia Mints rising up to meet increased circulating coinage demand, half dollars are no longer struck for circulation. In fact, that last happened in 2001 when the Rolling Stones was a boy band, when Mick and Charlie and Ron and Keith were mere youths in their late 50s.
During their current Zip Code tour of North America, the Stones have been selling out and rocking the house with their classic tunes, including 1968’s “Sympathy for the Devil” and the lament, “Who killed the Kennedys,” about the hoarding of the half dollar; and 1969’s gold digger tune, “You Got the Silver.”
And the Stones didn’t forget their trio of classics about the woes of cracking out half dollars for resubmission to the grading services: “You Can’t Always Get What You Want,” “Tumbling Dice” and “(I Can’t Get No) Satisfaction.”
Finally, they brought the house down with tunes from the days when they dabbled in questionable personal forms of coin alteration: “Under My Thumb,” “Paint It, Black,” and “She’s a Rainbow.”
Seriously, though, the half dollar still can serve commerce even in these highly specialized transactions. You may even get one in change some day; time is on your side.
Rolling Stones concert surprise source of half dollars in change
Coin World senior editor Paul Gilkes’ recent blog about receiving a Kennedy half dollar in change at a concession stand at a rock concert and his news article in this issue about increased circulating coinage production are connected, however tenuously.
Paul writes in his blog (http://goo.gl/DQSZrC), “Despite being Coin World ‘s senior editor for U.S. coins, I haven’t seen a Kennedy half dollar in circulation or received one in change for years. That is, until May 30, in, of all places, Ohio Stadium, home to the national champion Ohio State Buckeyes football team.”
He wasn’t attending a Buckeyes game (wrong time of the year) but a concert given by a bunch of old weathered guys in a little rock n’ roll band that you may or may not have heard of before — the Rolling Stones.
The musicians weren’t tossing the half dollars to the crowd, exactly, as Paul explains about his encounter at the concert concession stand.
“All of the food and drink items were priced in even dollar amounts or in 50-cent increments,” Paul writes, adding, “I was actually slightly dumbfounded when the concession worker handed me a well-circulated 1972 Kennedy half dollar in change.”
Paul is always the reporter so he asked the cashier why they were using half dollars; the worker explained that because all of the food and drinks sold at the concession stand were priced in 50-cent increments, all change was handed back in half dollars.
A niche market for half dollars doesn’t get any “nich-ier” than a Rolling Stones concert concession stand in Columbus, Ohio.
The Kennedy half dollar has been a niche coin for decades, used increasingly infrequently in circulation. As Paul explains in his news article at the top of page 5 this week about the Denver and Philadelphia Mints rising up to meet increased circulating coinage demand, half dollars are no longer struck for circulation. In fact, that last happened in 2001 when the Rolling Stones was a boy band, when Mick and Charlie and Ron and Keith were mere youths in their late 50s.
During their current Zip Code tour of North America, the Stones have been selling out and rocking the house with their classic tunes, including 1968’s “Sympathy for the Devil” and the lament, “Who killed the Kennedys,” about the hoarding of the half dollar; and 1969’s gold digger tune, “You Got the Silver.”
And the Stones didn’t forget their trio of classics about the woes of cracking out half dollars for resubmission to the grading services: “You Can’t Always Get What You Want,” “Tumbling Dice” and “(I Can’t Get No) Satisfaction.”
Finally, they brought the house down with tunes from the days when they dabbled in questionable personal forms of coin alteration: “Under My Thumb,” “Paint It, Black,” and “She’s a Rainbow.”
Seriously, though, the half dollar still can serve commerce even in these highly specialized transactions. You may even get one in change some day; time is on your side.