My 1950 Mint Set
Private
Updated:
5/9/2026
Views: 111
1950 was a year that started well, but didn't end that way. The Korean War started on June 25, 1950 when North Korean troops invaded the Republic of Korea (South Korea). World War II had ended 4 years and 10 months earlier, and much to the chagrin of many World War II veterans, they were recalled to active duty to fight one more time. It is entirely fitting that Time Magazine chose a typical line infantry man as their Man of Year (men of uncommon patience and valor and the image captures that I think). Once more into the breach they went.
The events of the year are the landmarks in time. The coinage is often little more than the lubricant of commerce upon which those events arise. Albeit, it is sometimes difficult to trace, events like the Korea War are symptoms of ideological clashes between nations, more often than not, based in their beliefs concerning economic issues: capitalism v. communism, in this case.
This set has but 13 slots for coins. The San Francisco mint produced neither the Jefferson Nickel nor the Franklin Half dollar in 1950. The decision to stop production of nickels and half dollars in San Francisco in 1950 was due to a couple of economic reasons. The economy was in a mild recession beginning in 1948 and the demand for coinage had declined. On top of that, spending on the military in 1949 had declined with also contributed to the demand for coinage dropping. Together, the Treasury decided a reduction in coin production was warranted. There are economists who argue, the very reason that the San Francisco mint ceased production of nickels and half dollar emboldened the North Koreans to invade the South -- that is the perceived reduction in military readiness of the U.S.
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