Gold Certificate 1928 PMG 30 very fine 100 dollars Woods Mellon AA block 1477000
It is doubtful that anyone could have predicted the tremendous response of the American public to the printing of Gold Certificates. The earliest Golds were printed in 1865 on only one side and were followed by eight more series of large size notes through 1923. As with other large size bills, the Goldbacks were discontinued in 1923 and then in 1928 the bill size was reduced to the now standard measurements for all US currency. The nickname "goldback" caught on because the bills were almost always printed with an orange ink on their reverse side, giving the note a golden color. Some actually preferred to carry certificates rather than deposit gold coin in the bank as they believed this to be safer! The Gold Reserve Act of 1933 ended the Gold Certificate's redemption for gold coin and the bills were cancelled. Then in 1964 the Treasury decided to partially remonitize Gold Certificates and allow their redemption for Federal Reserve Notes or regular coin thereby encouraging more of the historic notes to flow back to Washington for destruction. No other collector's currency of the United States so captures the early power and might of the new Republic than the Gold Certificates which symbolize the wealth of an emerging nation and the hopes and dreams of many who give up everything to rush westward when the massive gold deposits were discovered in California in 1848.
Over one and a half centuries later gold remains a store of wealth and has retained its value even as the purchasing power of the US dollar has diminished 99%. The item "Gold Certificate 1928 PMG 30 very fine 100 dollars Woods Mellon AA block 1477000" is in sale since Tuesday, October 19, 2021. This item is in the category "Coins\Notes\North & Central America\US". The seller is "speedygamer-1" and is located in Ulverstone.
This item can be shipped worldwide.
- Region of Origin: North America
- Composition: Gold
- Modified Item: No
- Face Value: $100
- Era: 1900s
- Country: United States