President Franklin Delano Roosevelt 1958 Silver Dime United States Coin i43203

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President Franklin Delano Roosevelt 1958 Silver Dime United States Coin i43203:
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Item: i43203

Authentic Coin of:

United States of America
Roosevelt Silver Dime
Silver Dime 18mm (2.52 grams) This coin is 90% silver, and 10% copper. LIBERTY IN GOD WE TRUST 1958,Head of president Franklin D. Roosevelt.

UNITED STATES OF AMERICA ONE DIME, olive branch, torch and oak branch (symbols of liberty, strength and peace); E PLURIBUS UNUM \"out of many, one\" across the fields.

A beautiful coin illustrating true U.S. Constitutional currency which defined the dollar as a quantity of silver. What is interesting to note is that United States of America coins, which were dimes, quarters, half dollars and dollars were made of silver until 1964 as per the mandate of the 1792 Coinage Act. The advantage of currency backed by precious metals being a medium of exchange that maintains and perhaps even gains buying power over time. There was little or no inflation when the ideals of the founding fathers were followed. The idea of paper money was a piece of paper which was exchangeable for coins at any time. It allowed you to easily transport your money without having to carry the weight of the gold silver and non-precious metal USA coins.

Article I, Section. 10 of U.S. Constitution

\"No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin as Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.\"

It is also interesting to note that silver is an industrial metal and supplies are being used up at rapid rates. Silver coins were placed in jugs of water as per it\'s anti-microbial properties. Also when cows were milked, many used or still use silver pails to catch the milk. Silver is also used in electronics as it is non-corrosive. Another interesting thing was that at times in history, American people were actually able to bring their silver to the U.S. mint and get silver coins in exchange.

The great idea of money is for it to be plentiful to allow for easy exchange. You see, contrary to popular belief, US money, even with the 1792 Coinage Act did have what may be described as fiat, or coins of non-precious metal. The 1 Cent or Penny Coins were made of copper and the 5 Cent or Nickel coins were made of nickel. However, the brilliant thing is that the copper and nickel coins were exchangeable for silver and gold coins. So because of this, there was gold and silver backing, in effect for the copper and nickel coins. So the amazing thing is that there was plentiful money, which was issued constantly and did not bear any interest for it\'s use.

So in conclusion, money is an interesting topic of discussion and study. It can both free and enslave and there is a lot of good in all types of systems. What is also amazing is that the money of the United States has the words \"In God We Trust\". This makes this phrase the most written phrase in existence. The more we love people and use money as a tool for their benefit, the better the world is becoming. We live in an amazing time and world where we are connected via the internet and where the best ideas are winning.

Two great documentary films to watch on this topic is Money Masters and The Secret of Oz.

You are offerding on the exact item pictured, provided with a Certificate of Authenticity and Lifetime Guarantee of Authenticity.

The dime is a ten-cent coin, one tenth of a United States dollar, labeled formally as \"one dime\". The denomination was first authorized by the Coinage Act of 1792. The dime is the smallest in diameter and is the thinnest of all U.S. coins currently minted for circulation. As of 2011, the dime coin cost 5.65 cents to produce.

Soon after the death of PresidentFranklin D. Roosevelt in 1945, legislation was introduced by Virginia CongressmanRalph H. Daughton that called for the replacement of the Mercury dime with one bearing Roosevelt\'s image. The dime was chosen to honor Roosevelt partly due to his efforts in the founding of the National Foundation for Infantile Paralysis (later renamed theMarch of Dimes), which originally raised money for polio research and to aid victims of the disease and their families. The public had been urged to send in a dime to the Foundation, and by Roosevelt\'s death, the Foundation was already popularly known as the \"March of Dimes.\"

Due to the limited amount of time available to design the new coin, the Roosevelt dime was the first regular-issue U.S. coin designed by a Mint employee in more than 40 years. Chief EngraverJohn R. Sinnock was chosen, as he had already designed a Mint presidential medal of Roosevelt. Sinnock\'s first design, submitted on October 12, 1945, was rejected, but a subsequent one was accepted on January 6, 1946.

The dime was released to the public on January 30, 1946, which would have been Roosevelt\'s 64th birthday. Sinnock\'s design placed his initials (\"JS\") at the base of Roosevelt\'s neck, on the coin\'s obverse. His reverse design elements of a torch, olive branch, and oak branch symbolized, respectively, liberty, peace, and strength.

Franklin Delano Roosevelt (January 30, 1882 – April 12, 1945), commonly known by his initials FDR, was an American statesman and political leader who served as the32ndPresident of the United States. A Democrat, he was elected four times and served from March 1933 to his death in April 1945. He was a central figure in world events during the mid-20th century, leading the United States during a time of worldwide economic depression and total war. A dominant leader of theDemocratic Party, he built aNew Deal Coalition that realigned American politics after 1932, as hisNew Deal domestic policies definedAmerican liberalism for the middle third of the 20th century.

With the bouncy popular song \"Happy Days Are Here Again\" as his campaign theme, FDR defeated incumbent RepublicanHerbert Hoover inNovember 1932, at the depth of theGreat Depression. Energized by his personal victory overpolio, FDR\'s persistent optimism and activism contributed to a renewal of the national spirit. Assisted by key aideHarry Hopkins, he worked closely with British Prime MinisterWinston Churchill and Soviet leaderJoseph Stalin in leading theAllies againstNazi Germany,Fascist Italy andJapan inWorld War II.

In hisfirst hundred days in office, which began March 4, 1933, Roosevelt spearheaded major legislation and issued a profusion of executive orders that instituted theNew Deal—a variety of programs designed to produce relief (government jobs for the unemployed), recovery (economic growth), and reform (through regulation of Wall Street, banks and transportation). The economy improved rapidly from 1933 to 1937, but then relapsed into a deep recession. The bipartisanConservative Coalition that formed in 1937 prevented hispacking the Supreme Court. For the rest of his days in office it blocked all proposals for major liberal legislation (apart from a minimum wage law). It abolished many of the relief programs when unemployment practically vanished during the war. Most of the regulations on business continued in effect until they ended about 1975–1985, except for the regulation of Wall Street by theSecurities and Exchange Commission, which still exists. Along with several smaller programs, major surviving programs include theFederal Deposit Insurance Corporation, which was created in 1933, andSocial Security, which Congress passed in 1935.

As World War II loomed after 1938, with the Japanese invasion of China and the aggression ofNazi Germany, FDR gave strong diplomatic and financial support to China and Great Britain, while remaining officially neutral. His goal was to make America the \"Arsenal of Democracy\" which would supply munitions to theAllies. In March 1941, Roosevelt, with Congressional approval, providedLend-Lease aid to the countries fighting against Nazi Germany with theUnited Kingdom. With very strong national support, he made war on Japan and Germany after the Japaneseattack on Pearl Harbor on December 7, 1941, calling it a \"date which will live in infamy\". He supervised the mobilization of the U.S. economy to support the Allied war effort. As an active military leader, Roosevelt implemented an overall war strategy on two fronts that ended in the defeat of theAxis Powers and the development of the world\'s firstNuclear bomb (commonly called the atom bomb at the time). In 1942 Roosevelt ordered theinternment of 100,000Japanese American civilians.

Unemployment dropped to 2%, relief programs largely ended, and the industrial economy grew rapidly to new heights as millions of people moved to new jobs in war centers, and 16 million men and 300,000 women were drafted or volunteered for military service. All economic sectors grew during the war. Farm output went from an index (by volume) of 106 in 1939 to 128 in 1943. Coal output went from 446 million tons in 1939 to 651 in 1943; oil from 1.3 billion barrels to 1.5 billion. Manufacturing output doubled, from an index of 109 in 1939 to 239 in 1943. Railroads strained to move it all to market, from an output of 13.6 billion loaded car miles in 1939 to 23.3 in 1943.

Roosevelt dominated the American political scene during the twelve years of his presidency, and his policies and ideas continued to have significant impacts for decades afterward. He orchestrated therealignment of voters that created theFifth Party System. FDR\'sNew Deal Coalition united labor unions, big city machines, white ethnics, African Americans, and rural white Southerners. His work also influenced the later creation of theUnited Nations andBretton Woods. Roosevelt is consistently rated by scholars as one of thetop three U.S. Presidents, along withAbraham Lincoln andGeorge Washington.

Theeee Coinage Actor the Mint Act, passed by theUnited States Congress on April 2, 1792, established theUnited States Mint and regulated the coinage of the United States. The long title of the legislation is An act establishing a mint, and regulating the Coins of the United States. This act established the silverdollar as the unit of money in the United States, declared it to be lawful tender, and created adecimal system for U.S. currency.

By the Act, the Mint was to be situated at theseat of government of the United States. The five original officers of the U.S. Mint were a Director, an Assayer, a Chief Coiner, an Engraver, and aTreasurer (not the same as theSecretary of the Treasury). The Act allowed that one person could perform the functions of Chief Coiner and Engraver. The Assayer, Chief Coiner and Treasurer were required to post a $10,000 bond with the Secretary of the Treasury.

Although some of the provisions in the 1792 Coinage Act were adjusted as time went by, the majority of the rules specified in this Act remained in effect for many decades. Essentially, it provided the basic framework on which all subsequent coinage production was based. While the first draft of the Act stipulated that all coins would employ a portrait of the president on the obverse, the final version called for an image emblematic of liberty. The Act also authorized construction of amint building in Philadelphia, the nation\'s capital. This was the first federal building erected under theUnited States Constitution. Mint directorDavid Rittenhouse laid the building\'scornerstone on July 31.

On May 8, 1792 An Act to Provide For a Copper Coinage was signed into law by PresidentGeorge Washington. This legislation resulted in the birth of the copper cent, from which descends today\'s one cent piece. The Act also stipulated that \"the director of the mint... be authorized to contract for and purchase a quantity of copper, not exceeding one hundred and fifty tons... to be coined at the mint into cents and half-cents... and be paid into the treasury of the United States, thence to issue into circulation.\" Furthermore, \"no copper coins or pieces whatsoever except the said cents and half-cents, shall pass current as money, or shall be paid, or offered to be paid or received in payment for any debt, demand, claims, matter or thing whatsoever.\"

Effects

Merchants and bankers were reluctant to bring silver bullion to the Mint because the disclosure of the illegal silver standard that was previously in effect. The silver coinage of 1794 and 1795 employed a 0.900 fine standard instead of the 0.8924+ standard (317.25/416=0.89242788461) as prescribed in the Mint Act of April 2, 1792 (Heritage Coin sale #390, Vol III, p. 117). The most immediate effect of this practice was that depositors ended up paying an addition 2.5 grams of silver bullion (about 10% extra) for every dollar they received (Taxay, 1966, p. 89). When this became widely known, bullion deposits brought to the mint declined significantly in 1796 and 1797.

Authorization and free coinage

The Act authorized production of the following coins:

Eagles $10 247 4/8 grain (16.0 g) pure or 270 grain (17.5 g) standard gold Half Eagles $5 123 6/8 grain (8.02 g) pure or 135 grain (8.75 g) standard gold Quarter Eagles $2.50 61 7/8 grain (4.01 g) pure or 67 4/8 grain (4.37 g) standard gold Dollars or Units $1 371 4/16 grain (24.1 g) pure or 416 grain (27.0 g) standard silver Half Dollars $0.50 185 10/16 grain (12.0 g) pure or 208 grain (13.5 g) standard silver Quarter Dollars $0.25 92 13/16 Disme $0.10 37 2/16 grain (2.41 g) pure or 41 3/5 grain (2.70 g) standard silver Half Disme $0.05.05 18 9/16 grain (1.20 g) pure or 20 4/5 grain (1.35 g) standard silver Cents $0.01 11 pennyweights (17.1 g) of copper Half Cents $0.005 5 1/2 pennyweights (8.55 g) of copper

The coins were to contain the following markings:

One side was to have an impression emblematic of liberty, with the inscription \"Liberty\", and the year of the coinage.
The reverse side of each of the gold and silver coins was to have the figure or representation of an eagle with the inscription \"UNITED STATES OF AMERICA.\"
The reverse of the copper coins was to have an inscription expressing the denomination.

The Act defined the proportional value of gold and silver as 15 units of pure silver to 1 unit of pure gold. Standard gold was defined as 11 parts pure gold to one part alloy composed of silver and copper. Standard silver was defined as 1485 parts pure silver to 179 parts copper alloy. The Act also specified the dollar as the \"money of account\" of the United States, and directed that all accounts of the federal government be kept in dollars, \"dismes\",cents, and \"milles\", a mille being one-tenth of a cent or one-thousandth of a dollar. The silver content of a dollar under this act was almost exactly equal to 1/5 of the silver content of the contemporary Britishpound sterling, or 4 British shillings.

UnderSec.14, any person could bring gold or silver bullion and have it coined free of charge, or later for a small fee, exchange it immediately for an equivalent value of coin. The paragraph summary states: \"Persons may bring gold and silver bullion, to be coined free of expense;\"

Quality control measures were implemented in that from each separate mass of gold or silver used to produce coins, three coins were set aside by the treasurer. Each year on the last Monday in July, under the inspection of theChief Justice, the Secretary and Comptroller of the Treasury, theSecretary of State, and theAttorney General, the coins were to beassayed and if the coins did not meet established standards, the officers were disqualified from office. The meetings later became formalized as theUnited States Assay Commission, which continued meeting until it was disbanded in 1980.

Section 19 of the Act established a penalty of death for debasing the gold or silver coins authorized by the Act, or embezzlement of the metals for those coins, by officers or employees of the mint; this section of the Act apparently remains in effect and would, in theory, continue to apply in the case of \"any of the gold or silver coins which shall be struck or coined at the said mint.\" (At present the only gold or silver coins struck by the US mint are theAmerican Silver Eagle and theAmerican Gold Eagle coins, someProof coinage at theSan Francisco Mint, such as the silverUS State Quarters, and much of theCommemorative coinage of the United States.) All other sections of the act have been superseded, as for example theCoinage Act of 1834 changing the silver-to-gold weight ratio. Various acts have subsequently been passed affecting the amount and type of metal in U. S. coins, so that today there is no legal definition of the term \"dollar\" to be found in U. S. statute. Current statutes regulating coinage in the United States may be found inTitle 31 of the United States Code.