1928 $20 Gold Certificate Extra Fine + FR#2402

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1928 $20 Gold CertificateThis is a 1928 $20 Gold Certificate in Extra Fine Plus Condition. This note has Outstanding Detail and Color. This note is listed as FR # 2402 and has the Woods and Mellon signatures. This note is a must for your collectoin. This note is from a colleciton that we are aucitoning off, so please take a look at our other auctions. Thank You Gold Certificates When gold coinage became a significant medium of exchange, the government decided to hold aside quantities of it and issue paper notes redeemable by the Treasury Department. The first Gold Certificates for public circulation were released in 1882. The series lasted until the era of small size currency, ending in 1928. In 1933 all were ordered returned to the Treasury Department for redemption, including those in possession of collectors. A new law in 1964 permitted their ownership by collectors, though they can no longer be redeemed for gold. Gold Certificates are colorful and ivid and are among teh most attractive of all currency issues. Their reverses are a brilliant golden prange, symbolic of the gold coin they represent. Although there were nine emissions of gold certificates, only four of the issues were circulated to any extent, anmely the fourth, seventh, eighth, and ninth issue. The first tree issues appeared between 1865 and 1875. Some of the notes were printed on only one side. They remained in general within the confines of banks and clearing houses and were used in settling gold balances. The fifth adn sixth issues were series of 1888 and 1900 and consisted of 5,000 and 10,000 Dollar notes only. The fourth issue was the earliest for general circulation. The notes of this issue are series of 1882 and consist of all denominations from 20 to 10,000 Dollars. The 20, 50 and 100 Dollar notes are still occasionaly seen. The seventh issue consisted only of 10 and 20 Dollar notes of the series of 1905, 1906 and 1907. The 20 Dollar notes of 1905 are considered the most beautiful of all gold cirtificates because of their color. Their basic design is similar to that of other 20 Dollar notes, but the obverse center portion of the paper is gold tinted and part of the legends are prited in gold ink, and not the black and white of other issues. These notes also have a red seal and red serial numbers. Thus, the color combination formed by black and white and gold and red, makes a very pleasing impression. The eighth issue of Gold Certificates forms the notes that are most frequetly seen today. These notes are series of 1913 and 1922 the issue consisted of all denominations from 10 to 1,000 Dollars. The series of 1913 appears only on 50 Dollar notes. See the text for a complete tabulation. The obligation on gold certificates is as follows, "This certifies that there have been deposited in the Treasury of the United States of America....... Dollars in gold coin payable (or repayable, series 1882) to the bearer on demand." In addition to the preceding, the notes of series 1922 bear the following, "This certificate is a legal tender in the amount thereof in payment of all debts and dues public and private. Acts of March 14, 1900, as amended and December 24, 1919. All are note obsolete. Teh issue was short lived as the Gold Reserve Act of 1933 required the surrender of all gold certificates, both large and small size. On April 24, 1964, Secretary fo the Treasury C. Douglas Dillon removed all restrictions on the acquisition or holding of gold certificates and it is now legal to collect them. Unlike the larege notes, the reverses of these gold cetificates were printed in green. Small size gold certificates are considered much scarcer than the old large size notes. The obligation is as follows, "This certifies tht there have been deposeted in the Treasury of the United States of America...... Dollars in gold coin payable to the bearer on demand... This certificate is a legal tender in the amount thereof in payment of all debts and dues public and private." Please , We Have A 100% Return Policy! Please read ME , ... read more

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