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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.
Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States."
The United States Government first authorized the use of the gold certificates in 1863. On April 5, 1933, the US Government restricted the private gold ownership in the United States and therefore, the gold certificates stopped circulating as money (this restriction was reversed on January 1, 1975).
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 were used as paper currency in the United States from 1882 to 1933. These certificates were freely convertible into gold coins. A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold.
The United States Gold Reserve Act of January 30, 1934 required that all gold and gold certificates held by the Federal Reserve be surrendered and vested in the sole title of the United States Department of the Treasury.
The United States 1000 dollar bill (US$1000) is an obsolete denomination of United States currency. ... In 1882, the note was issued as a gold certificate.
The Gold Standard Act was an Act of the United States Congress, signed by President William McKinley and effective on March 14, 1900, defining the United States dollar by gold weight and requiring the United States Treasury to redeem, on demand and in gold coin only, paper currency the Act specified. [1]