The DJIA dipped slightly (3.8%) for the year as the economy adjusted to the Korean Conflict and the announcement by Truman that the US had developed the hydrogen bomb. Sports fans were jolted when it was reported that Ted Williams had been shot down as he piloted a plane in that war on the other side of the world, but rejoiced when he was said to be uninjured. Gold also remained relatively calm gaining just 20 cents for the year while silver added 2 cents to just over 85 cents per ounce.
In other news, Eisenhower refused clemency to the Rosenbergs, Stalin had a stroke and died four days later, and Joseph Salk announced his polio vaccine, but the big news for a certain 8 year old living in Spartanburg, South Carolina was that “TV Guide” came out for the first time. Now if that kid had been able to talk his parents into buying a TV, then his little world would have been complete. It took a year, but he finally got one!
For numismatists, there was little to get excited about. There were no low-mintage coins and the only commemorative was still the Carver/Washington half that had been first issued in 1951, but the following were out there for the pickings of every kid who wanted a complete set: