My 1951 Mint Set
Private
Updated:
3/3/2026
Views: 126
1951 was the year in which the Federal Reserve and the U.S. Department of the Treasury reached an accord to separate monetary policy (as conducted by the FOMC) and debt management (the Fed being the fiscal agent for the United States). This was a landmark agreement which assured the Federal Reserve's independence to conduct monetary policy independent of the politics surrounding government fiscal policies. To learn more about this the St. Louis Federal Reserve Bank has a website "FRASER" which has an array of educational materials, including a history of the Fed including in deep discussions of the 1951 Accord (my personal Accord is a 2023 Hybrid in that then new color Navy gray).
The image on the left is the U.S. Department of the Treasury at 1500 Pennsylvania Avenue, in Washington, D.C. It is a more interesting building that the Eccles building which houses the Fed's Board of Governors on the lower West Side of town. Out front of the Treasury stands a statue of Alexander Hamilton, who was the first Secretary of the Treasury. The sculptor who did the bronze of Hamilton in the Plaza was James Earle Fraser of Winona, Minnesota famous for having designed the Buffalo Nickel. Mr. Fraser would pass on in 1953, leaving quite a numismatic legacy.
During this calendar year the mint struck the Lincoln penny, the Jefferson Nickel, the FDR dime, the Washington Quarter, and the Franklin half dollar. If you bought the mint set that year you got 30, not fifteen coins. The set contained two coins of each demonination from each of the three mints. The face value of those coins was $5.46 and the cost of the set was $6.75. The price for this set, ehen completed will be over $8,000. Perhaps, a child's investment in that "double mint set" would have been a pretty good idea back then.
Read more...
When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.
The NGC Registry is not endorsed by or associated with PCGS or CAC. PCGS is a registered trademark of Collectors Universe, Inc. CAC is a trademark of Certified Acceptance Corporation.
Add Coin
Join NGC for free to add coins, track your collection and participate in the NGC Registry. Learn more >
Join NGC
Already a member? Sign In
The NGC Registry is not endorsed by or associated with PCGS or CAC. PCGS is a registered trademark of Collectors Universe, Inc. CAC is a trademark of Certified Acceptance Corporation.
There is never any charge to contact us. To reach a customer service representative, call, text or WhatsApp (+1) 855-472-3310 or use this form.
