ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Use of the half-dollar is not as widespread as that of other coins in general circulation; most Americans use dollar coins, quarters, dimes, nickels and cents only, as these are the only coins most often found in general circulation.

Detailed explanation-2: -Since 2002, half dollars have been minted primarily for annual coin sets and other numismatic products. However, the Federal Reserve may still order them for circulation.

Detailed explanation-3: -Circulation-quality Kennedy half dollar production so far in 2022 totals 9.7 million coins-4.9 million at the Denver Mint and 4.8 million at the Philadelphia Mint.

Detailed explanation-4: -Kennedy half-dollar coins are not very rare and most of them are worth only their face value of 50 cents. However, some are more valuable, depending on the year they were minted and their condition. For example, a Kennedy half-dollar coin minted in 1970 and in uncirculated condition is worth about $8.

Detailed explanation-5: -Production of Kennedy half dollars for general circulation ended in 2001, and from 2002 to 2020, Kennedy half dollars were struck to satisfy the demand from collectors, sold at a premium through the Mint. In 2021, Kennedy half dollars began again to be produced for general circulation.