The DJIA was up 20% in 1950 and opened 1951 at 239.92 up from 200.52 just 12 months earlier. Gold rebounded from its post war low of $31.69 to average $34.72 for the year and silver jumped almost 10% to an average of 80 cents per ounce.
The war was still more than a distant memory as Truman announced the development of the H-Bomb, Senator Joe McCarthy began announcing the State Department was “infested” with communists, and in June, North Korea invaded South Korea and Truman ordered the Air Force and Navy into the “conflict.” But in other ways America was getting back to normal. Jackie Robinson signed the highest paying contract in Dodger history; Disney released “Cinderella”; and Saturday morning kid’s shows began on ABC.
Finally there was good news for numismatists, there was a collectible coin dated 1950! The Denver mint only produced 2.6 million nickels, only 12% of their production for the next year. This made the Denver nickel an immediate success as prices rose as high as $20 each before settling back. By 1964, Redbook listed the coin in “Unc” at $5.50. But this was the year to be looking at your quarters also as there were the D/S and S/D errors. Yes, kids across the nation were looking through mom and pop’s change at night hoping to find one of these new coins, and in doing so, they had only the following to compete their year set for 1950:
All Syrian coins minted in 1951 were dated 1950