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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
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 ...
1934 (): The redeemable in gold clause was removed from Federal Reserve Notes due to the U.S. withdrawing from the gold standard. 1934 (): The $10 Silver Certificate was redesigned with a blue numeral 10 on the left side of the obverse and the treasury seal printed over the gray word TEN on the right.
Series 1934 gold certificates ($100; $500; $1,000; $10,000; and $100,000) were issued after the gold standard was repealed and gold was compulsorily confiscated by order of President Franklin Roosevelt on March 9, 1933 (see United States Executive Order 6102).
A Series 1934 $10,000 gold certificate depicting Salmon P. Chase, Smithsonian Institution. Gold certificates were another form of representative paper money issued by the United States Treasury from 1865 to 1933 and redeemable in gold. While the United States observed a gold standard, the certificates were a convenient way to pay in gold.
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.
In January 2021, an example graded MS-65 became the most valuable gold coin in the world — but only for a few months — when it sold for $9.36 million at the same Heritage auction that featured ...
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.
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