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Gold—Silver—

1933

Gold recall

Order 6102 calls in most private monetary gold. The official price is reset the next year.

Colorized 1935 photograph of a San Francisco Mint vault stacked high with gold bars; wooden sawhorses and a plank in the foreground.
Gold bars in a San Francisco Mint vault (1935) — official stock after the U.S. gold recall; colorized.Colorized from public-domain original — U.S. government photograph (NARA 296609).

In 1933 the United States required most domestic gold coin, bullion, and gold certificates to be turned in. Executive Order 6102 is that order. The public claim on gold at the old mint price was removed.

The Gold Reserve Act of 1934 then set the official price at $35, up from $20.67. Official gold became a Treasury asset, not circulating money the public could claim at a mint window.

1933 U.S. gold recall →