Silver Dollar 1932

Drama

Runtime

83 mins

Language

English

Made by

First National Pictures

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Silver Dollar Plot Summary

Read the complete plot summary and ending explained for Silver Dollar (1932). From turning points to emotional moments, uncover what really happened and why it matters.

On a Kansas farm, Yates Martin, Edward G. Robinson a restless farmer, uproots his pragmatic wife Sarah Martin and their baby to the gold-hungry reaches of 1876 Colorado in search of wealth. He buys a claim, then immediately abandons it when two prospectors tell him of a strike in Leadville. Taking Sarah’s prudent advice, he sets up a store there. To their astonishment, prospectors Christian Rub as Rische and Wade Boteler as Hook arrive with news that they have struck it rich—not with gold, but with silver—and Yates holds a third share of the fortune.

Yates spends his new-found riches with gusto, including buying a claim from a downtrodden miner for $50,000, despite Sarah’s objections. He is urged to run for Lieutenant Governor of Colorado. When his foreman informs him that the claim is worthless, Yates tells him to keep digging, at least until the election, so he won’t look foolish. The gamble pays off: he wins the election, and the mine yields a lode even richer than his first.

With wealth comes ambition, and Yates decides to build Denver an opulent opera house. At the project’s opening, he meets Lily Owens Martin, Bebe Daniels Owens Martin, who becomes his mistress. At the grand opening, General Ulysses S. Grant is the guest of honor, Walter Rogers.

Flush with prestige, Yates sets his sights higher and runs for the vacant U.S. Senate seat. He divorces Sarah and marries Lily in Washington, DC, with the President Emmett Corrigan as a wedding guest.

Yet the nation’s move to the gold standard sends the price of silver into a free fall. The Matchless mine is left unworked at the current price, and Yates loses almost everything. He declines Sarah’s offer of money, a friend secures him the post of Denver postmaster, and, penniless, Yates collapses.

Silver Dollar Timeline

Follow the complete movie timeline of Silver Dollar (1932) with every major event in chronological order. Great for understanding complex plots and story progression.

Move to Colorado to seek gold

Yates Martin uproots his wife Sarah and infant son and moves to 1876 Colorado in search of gold. He buys a mining claim there but quickly abandons it after two prospectors tell him of a strike in Leadville. Following Sarah's prudent advice, he shifts to Leadville and sets up a store to capitalize on the town's growing boom.

1876 Leadville, Colorado

Stakes in miners and partnerships form a web of bets

With funds dwindling, Yates begins staking miners in return for partnerships in their diggings. He bets on other people's labor to build a fortune while Sarah watches with increasing worry. The arrangement binds his wealth to the oscillating success of multiple claims around Leadville.

1876-1877 Leadville, Colorado

Silver strike narrows the path to fortune

Just as the Martins are ready to return to Kansas, prospectors Rische and Hook arrive with news of a silver strike. Yates secures a third share of the discovery, instantly transforming his prospects from precarious to potentially enormous. The windfall anchors his ambition and reshapes his future.

late 1870s Colorado mining camps

Purchases a $50,000 claim despite objections

Yates spends part of his newfound wealth to buy a claim from a downtrodden miner for $50,000, ignoring Sarah's objections. The deal is controversial, and the buyer knows the risk as he plans to use the ore for political leverage as well. The purchase foreshadows the risky path that blends business prowess with political ambition.

late 1870s Colorado

Foreman warns the claim may be worthless

Shortly after the purchase, Yates's foreman informs him that the claim may be worthless. He orders the crew to keep digging anyway, at least until the election, so he won't look foolish if the ore delivers. The insistence on digging reveals how his political dreams drive his business decisions.

pre-election Colorado

A hidden lode and political ascent

Against all odds, a lode richer than the first strike emerges from the digging. The sudden fortune anchors Yates's political momentum: he wins the Lieutenant Governor election and steps into public power. The mining success and public office reinforce each other, accelerating his ascent.

election year Colorado

Denver opera house project begins

Flush with wealth, Yates funds and plans an opulent opera house in Denver. The project becomes a symbol of his ambition to shape the city’s culture as well as its economy. Construction draws attention from all corners of society.

between election and grand opening Denver, Colorado

Lily Owens enters as his mistress

During the opera house project, Yates meets Lily Owens and begins an affair that soon becomes his mistress. The relationship marks a break with his wife Sarah and complicates his public image. The affair signals a new chapter in his personal life as the empire grows.

during construction Denver

Grand opening with General Grant

At the grand opening, General Ulysses S. Grant attends as guest of honor, elevating Yates’s profile to national attention. The gala cements his status among the elite and fuels his appetite for greater power. The event blends politics, money, and fame in one luminous evening.

opening night Denver

Senate bid and Washington wedding

Emboldened by his wealth and ambitions, Yates seeks a U.S. Senate seat. He divorces Sarah and marries Lily in Washington, DC, with the President among the wedding guests. The ceremony marks his ascent into national politics and the entanglement of his personal life with power.

post-opera house opening Washington, DC

Gold standard policy and the price of silver plummets

When the President shifts the country to the gold standard, the price of silver plummets and Yates loses almost everything. He keeps only the Matchless mine, which is not profitable at the new price. He refuses Sarah’s offer of money, choosing pride over reconciliation.

gold standard era Colorado; Washington, DC

Postmaster appointment and final decline

A friend secures the post of postmaster for him in Denver, but Yates collapses and dies penniless. His rise and fall run in stark contrast, and the man who once commanded wealth ends his days in quiet poverty. The legacy of his ambition remains a cautionary tale.

death Denver

Silver Dollar Characters

Explore all characters from Silver Dollar (1932). Get detailed profiles with their roles, arcs, and key relationships explained.

Yates Martin (Edward G. Robinson)

An ambitious Kansas farmer turned silver tycoon, Yates is driven by wealth and status, often bending ethics to win power. He pursues high-stakes projects, runs for political office, and uses others to secure his ambitions. His charm hides a readiness to gamble, manipulate, and abandon his family when opportunity calls.

💰 Wealth 🎯 Ambition 🏛️ Power 💔 Romance

Sarah Martin (Aline MacMahon)

Yates's pragmatic wife, wary of his spendthrift impulses and the toll of greed on their family. She anchors the household with prudence and resilience, but heartbreak colors her view as Yates pursues fortune and prestige. Her loyalty contrasts with the mounting disillusionment around him.

💔 Loyalty 🧭 Prudence 🏠 Family 💪 Resilience

Lily Owens Martin (Bebe Daniels)

Lily is alluring and opportunistic, becoming Yates's mistress and later wife. Her glamour and social ambitions help propel his ascent, but her own agendas complicate their union. She embodies wealth and high society, using influence to push for bigger gains.

❤️ Romance 💎 Wealth 🏛️ Society

George, the Mine Foreman (DeWitt Jennings)

The blunt, practical foreman who informs Yates that the claimed mine is worthless. He embodies the working-class reality behind the mining boom and acts as a catalyst for Yates's risky decisions. His straightforward honesty contrasts with the merchant's audacious gambits.

⚒️ Labor 🧭 Honesty 💼 Industry

Rische (Christian Rub)

One of the prospectors who first strikes news of riches, Rische embodies the opportunistic edge of frontier wealth. His discovery sets the stage for Yates's transformation from farmer to financier. He represents how sudden luck can ignite a transformative fortune.

💡 Discovery 🪙 Silver 🗺️ Frontier

Hook (Lee Kohlmar)

Rische's fellow prospector who shares in the volatile windfall and the subsequent scramble for power and profit. His presence underscores the social dynamics of luck, risk, and alliance in the mining boom. He remains a peripheral yet pivotal figure in the silver rush narrative.

💡 Discovery 🪙 Silver 🗺️ Frontier

General Grant (Walter Rogers)

The national authority who attends the opera opening, symbolizing the convergence of wealth, culture, and federal power. His presence marks the moment when Yates's fortunes intersect with national influence. The General embodies the era's military and political prestige.

🏛️ Power 🇺🇸 National Identity 🕊️ Prestige

President Arthur (Emmett Corrigan)

The President who endorses the gold standard, triggering a collapse in silver prices and Yates's downfall. He represents the high-level policy decisions that ripple through individual lives. His role highlights how macroeconomic policy can redefine personal fortunes.

🏛️ Policy 💼 Governance ⚖️ Economics

Silver Dollar Settings

Learn where and when Silver Dollar (1932) takes place. Explore the film’s settings, era, and how they shape the narrative.

Time period

1876–1880s

The story unfolds in the late 19th century during the Colorado Silver Boom. It spans from the mid-1870s through the late 1880s, charting the volatile price swings of silver and the political debates around a gold standard. The era is defined by rapid wealth, expansion, and the rough ethics of frontier capitalism.

Location

Kansas, Leadville, Denver, Washington, D.C.

Set against the Colorado frontier, the film tracks the mining boom from the plains to the mountains. It moves from Kansas to Leadville and Denver, capturing the rough-and-tumble culture of mining towns and the glitter of early capitalism. Key events unfold on the national stage in Washington, D.C., where wealth translates into political power.

🏔️ Frontier ⛏️ Mining towns 💰 Boomtown

Silver Dollar Themes

Discover the main themes in Silver Dollar (1932). Analyze the deeper meanings, emotional layers, and social commentary behind the film.

💎

Greed

Greed drives the central arc of the story, turning a modest claim into a national spectacle. Wealth becomes a spark that fuels risk, deception, and grandiose projects. The pursuit of money reshapes loyalties, erodes family bonds, and invites political ambition. The film shows how quickly fortune can rise and fall when money wields power.

🏛️

Power

Yates uses money to ascend from miner to lieutenant governor, then senator, illustrating how wealth translates into political influence. The story examines how charisma, partnerships, and opportunism can manipulate public life. It also shows the vulnerability of institutions to personal gain, and how policy shifts (the gold standard) ripple through lives.

❤️

Love and Betrayal

Lily's magnetism sparks a romance that fuels Yates's ascent and later becomes a weapon in his downfall. Sarah's devotion contrasts with Lily's ambition, highlighting shifting loyalties in a man driven by money. The relationships expose the cost of wealth: emotional cost and family breakdown. The narrative threads show how desire and affection intertwine with ambition.

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Silver Dollar Spoiler-Free Summary

Discover the spoiler-free summary of Silver Dollar (1932). Get a concise overview without any spoilers.

In the restless summer of 1876, the wide‑open frontier of Colorado beckons with the promise of untold riches. The landscape is a patchwork of dusty trails, burgeoning boom towns, and glittering veins of silver hidden beneath the rugged hills. Against this backdrop, ordinary lives are pulled into a feverish chase for prosperity, where ambition collides with the harsh realities of a land still defining its own future.

Yates Martin is a farmer whose yearning for something greater drives him away from the steady rhythm of his Kansas homestead. He persuades his pragmatic wife, Sarah Martin, and their infant child to join him on a perilous journey westward, trading familiar fields for the uncertain allure of mining claims and frontier commerce. Their partnership is forged on contrasting values—her caution and his restless drive—setting the stage for a delicate balance between stability and the intoxicating lure of wealth.

As fortunes begin to rise, the couple’s world expands beyond the modest store they build in a fledgling town. New faces arrive, bringing whispers of opulence and power that tempt Yates toward ever grander aspirations. Among them is a striking young woman, Lily Owens Martin, whose presence hints at a shifting personal landscape as ambitions grow larger than the mines themselves. The film swirls with a tone that is both sweeping and intimate, capturing the glitter of possibility while underscoring the fragile ties that bind a family on the edge of the American Dream.

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