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A Series 1934 $10,000 gold certificate depicting Salmon P. Chase, Smithsonian Institution. Gold certificates were issued by the United States Treasury as a form of representative money from 1865 to 1933. While the United States observed a gold standard, the certificates offered a more convenient way to pay in gold than the use of coins
Of these, the $100,000 was printed only as a Series 1934 gold certificate and was only used for internal government transactions. The United States also issued fractional currency for a brief time in the 1860s and 1870s, in several denominations each less than a dollar.
1928 US$500 Gold Certificate. The United States five-hundred-dollar bill (US$500) (1861–1945) is an obsolete denomination of United States currency.It was printed by the US Bureau of Engraving and Printing (BEP) beginning in 1861 and ending in 1945.
The United States one-hundred-thousand-dollar bill (US$100,000) is a former denomination of United States currency issued from 1934 to 1935. The bill, which features President Woodrow Wilson, was created as a large denomination note for gold transactions between Federal Reserve Banks; it never circulated publicly and its private possession is illegal.
The note was originally issued as a gold certificate, but the 1933 Executive Order 6102 limited the ownership of gold currency, so the note was redesigned and reissued as a Federal Reserve Note. [1] The Bureau of Engraving and Printing stopped printing them in 1934 [8] but continued to issue the notes until 1969. The notes did not circulate ...
Gold Certificates, issued upon the government receiving a deposit of gold, were dated by hand, and also the depositor was identified. Only the depositor could redeem an early gold certificate. Starting with the Series of 1882, Gold Certificates were made payable to the bearer. National Bank Notes were given a date as well.
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Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve in exchange for $20.67 (equivalent to $487 in 2023) [6] per troy ounce.