1922 $10 Gold Certificate, Large Size Note. PMG Choice Uncirculated Unc 64 EPQ

Superb uncirculated condition - beautifully centered, bright-white borders, deep-rich colors and perfect ink printing and contrast. The United States Treasury last issued gold certificates in 1933. That year, the country went off the "gold standard". The reasons for abandoning gold-backed currency are plenty, perhaps the most important being that citizens were hoarding the metal during the Great Depression, fearing the treasury department would declare all paper currencies obsolete and thus worthless.

This rather sordid episode of course explains the scarcity of the gold certificate and why it is so collectible today. The treasury department scaled down the actual physical dimensions of all currency to today's present size in June, 1929; its chief reason was to save the cost of paper and printing.

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