How much does a 1928 gold certificate cost?
The 1928 $500 Gold Certificate is rare and wonderful type of note just doesn’t come up as often as I’d like. With less than one hundred known examples this note is always in demand. A nice mid grade example will cost between $4000 and $9000. A full range of values would be from $2500 to $20000 for a flawless example.
When did the US stop issuing gold certificates?
Series 1928 Gold Certificates were issued for only a brief period between 1928 and 1933. In late 1933 The Federal Reserve mandated that all Gold Certificates be redeemed. From that point until 1964 the notes were considered illegal to own.
What does the back of a gold certificate look like?
The designs varied over the years but most had bright orange-colored backs and a gold-colored U.S. seal on the front. A $1,000 gold certificate printed in 1907, for example, has the denomination in all four corners on the face but is inscribed “IN GOLD COIN” below a portrait of Alexander Hamilton.
How much is a 1905 silver certificate worth?
Series 1882 Series 1905 Technicolor Series 1906 $20.00 Series 1907 and 1922 Series 1913 $50.00 Silver Certificate > Series 1878 Series 1880 Series 1886 Series 1891 Series 1896 Series 1899 Series 1923 Series 1933 $10.00
Is there a 1928 1000 dollar gold certificate?
The 1928 $1000 dollar gold certificate is a very rare note with less than fifty known. This bill is a curious design in that, there is no district seal and the treasury seal is on the left. This leaves the right side of the note kind of barren. It would have been nice if they put a gold eagle there or something!
What was the price of the first gold certificate?
The first certificates were not printed with dates and were instead hand dated upon issue. The certificates were redeemable in gold at a rate of $20.67 per troy ounce. They continued to be used until 1933, when President Franklin Delano Roosevelt took the United States off the gold standard and recalled all gold.
What did the back of a 1934 gold certificate look like?
The backs of the larger certificates, as well as the backs of the rare 1934 notes, were gold, which led to the nickname ‘goldbacks.’ This contrasted with the Series of 1928 bills, which were green. Even today, the fiat U.S dollar is commonly referred to as “the greenback.” In 1922, the first ever $10 gold certificates were issued.
When did the size of US gold certificates change?
In 1928, the size of U.S currency, including gold certificates, changed. Large U.S gold certificates were issued prior to that point. They were replaced with smaller versions from 1928 forward. The backs of the larger certificates, as well as the backs of the rare 1934 notes, were gold, which led to the nickname ‘goldbacks.’
