Description: Ever since the founding of the American colonies, gold coins were important tools of commerce. When gold was discovered in California in 1848, their importance for U.S. commerce grew by leaps and bounds. Physical gold was always popular out west, but easterners were satisfied carrying around paper notes that were redeemable in gold. This was the origin of the Gold Certificate. In 1928, the government issued a new series of Gold Certificate. These notes were the new smaller size we all now carry in our pockets. And, if you look closely youll see that they are very similar to the notes we used to carry before recent redesigns. This $10 note features Alexander Hamilton, who is a founding father of the United States. The reverse has the same green backs as later notes, but the obverse shows gold serial numbers and a gold seal. At the bottom center, the notes proclaim that the face amount is In gold coin payable to the bearer on demand. For a few years, these 1928 Gold Certificates circulated right alongside the betterknown Federal Reserve Notes. In 1933, all of this changed. That year, the Gold Reserve Act passed, causing the Federal Reserve to transfer its stash of gold certificates and bullion to the Treasury. Most of the gold-denominated paper was destroyed, but a small number of notes escaped the bonfire. Heres your chance to own a collectible right out of U.S. Gold history. Stake your claim before its too late!
Price: 550 USD
Location: East Northport, New York
End Time: 2024-11-28T19:48:08.000Z
Shipping Cost: N/A USD
Product Images
Item Specifics
All returns accepted: ReturnsNotAccepted
Circulated/Uncirculated: Circulated
Denomination: $10
Year: 1928
