Gold had its first major jump in almost a hundred years as it was permitted to freely trade and jumped almost a dollar to an average of $19.95 for the year. Silver followed suit and advanced 31% to an average of $1.336.
For a bit of a history lesson, silver had been the basis for many world powers for centuries until 1821 whenGreat Britain went onto the gold standard. All that changed in 1914 when countries realized that major discoveries in western North American got gold out of balance world-wide with silver. This resulted in some countries sought changes in the valuations of both the major metals. With the advent of WWI, things began to change world wide, but it took until 1919 for the change to hit the US gold markets. These price swings continued until 1928 when the government made their own changes, resulting in the major events of 1933 when gold was changed for decades. These events will be covered in later years.
But back home, the war was over and the Roaring 20’s was within site. Numismatists enjoyed collecting the following coins:
No coins were made for Argentina in 1919 but blank planchets were made for 5 Centavos, 10 Centavos, and 20 Centavos.