My 1955 Mint Set
Private
Updated:
5/11/2026
Views: 69
The San Francisco mint, new building and location from the oirignal building which operated from 1874 to 1936 as the mint. This new facility opened for business in 1936 1955 only saw the penny and dime struck there for circulation as production for anything not commemorative or proof was being phased out for next thirteen years or so.
The end of the Korean War and a looming recession resulted in less demand for coinage, and the mint obliged by reducing production. Numistist could have told you that from a curosry inspection of the census data for graded coins, and there prices. As it turns out from a monetary policy perspective the Mint should not have reacted to the demand, but doing so they actually contributed to the recession, albeit, in a very minor reduction in the money supply. (See Koshy Mathai, "Monetary Policy: Stablizing Prices and Output" on the IMF webside, undate; a good layman's guide to monetary policy and the role of money supplies in economic activity).
Eric Brothers describes what the mint did in an article published in Numismatic News "Coins of 1955: Why Were the Mintages So Low?" published September 12, 2024 -- I recommend the piece from the perspective of the Mint's business model.
This set has but eleven coins due to the fact that the San Francisco mint produced only pennies and dimes for circulation in 1955.
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