32nd President

United States of America

(1933 - 1945)

In 1933, President Franklin Delano Roosevelt introduced Executive Order 6102 which essentially outlawed the private ownership of gold. This act recalled all circulating gold coins in an attempt to stimulate the economy during the Great Depression. If anyone was caught hoarding over $100 in gold, they could face tough fines. Citizens had to exchange their gold for paper money. Since people were afraid that the paper currency might not hold its value, they spent it quickly, and the economy started moving again.

After President Roosevelt was elected for a landmark third term, he tragically died in office on April 12, 1945. By May 17, the Treasury Secretary announced that Franklin Roosevelt would be honored on the ten-cent piece due to his support of the March of Dimes organization that sought a cure for polio. Chief Engraver of the US Mint John R. Sinnock created the design with an obverse displaying FDR’s profile and a reverse showcasing a torch with sprigs of olive and oak. This design has been used continuously since 1946.