U.S. Rare Currency - home page

U.S. Rare Currency Private Currency Collector - Dealer, Buying & Selling US Paper Money, Large & Small Size Gold & Silver Certificates, Federal Reserve Notes, Legal Tender & Premium Federal Reserve Products.
Contact Us @ 425-298-6799,

Orders placed between 05/21/2024 and 05/24/2024 will not ship until 05/25/2024 Thank You for Understanding.


   Gold Certificates

As the name implies, Gold Certificates were currency that were redeemable in gold coin.  They were first authorized by Congress in 1863, and remained in circulation until 1933.  Well, sort of, because it's pretty unlikely that most of the denominations would have been circulated in day to day business.  After all, one hundred years ago, a hundred dollars was a lot of money.

In their initial issue, they were printed in $20, $100, $500, $1,000, $5,000 and $10,000 denominations, making them more likely to have been used as interbank funds transfer instruments than pocket change.  This is really a shame, because some of them were awful pretty.

Over the life of the type, Gold Certificates were also printed in $10 and $50 denominations.

In 1933, Congress passed the Gold Reserve Act, which among other things, made possession of gold certificates to be illegal.  That makes the Series 1934 Gold Certificates the most interesting of all, as they were never released into circulation.  Presumably, those Series 1934 notes were used as interbank funds transfer instruments.  The most exciting of those was the Series 1934 $100,000 note, bearing the portrait of Woodrow Wilson.

Despite the fact that ownership of Gold Certificates was illegal for thirty years, many remained in the hands of collectors, meaning that for a time, they had the distinction of being contraband US currency.  In 1964, possession of gold certificates was re-legalized, although redemption for gold was not reinstituted (not surprisingly).

Orders placed between 05/21/2024 and 05/24/2024 will not ship until 05/25/2024 Thank You for Understanding.

Click On The Logo Below To Send a PayPal Payment

Home Page

Large Legals  US Rare Currency  Small Legals  US Rare Currency  Large Silvers  US Rare Currency  Small Silvers  US Rare Currency  Large Golds  US Rare Currency  Small Golds US Rare Currency Nationals
Large Federals  US Rare Currency  Large Banks  US Rare Currency  Star Notes  US Rare Currency  Special Issues B.E.P. & U.S. Mint  US Rare Currency  Small Federals
$500 & $1000 Notes  US Rare Currency  World War II Issues  US Rare Currency  Birth Year Notes US Rare Currency Low And Fancy Numbers US Rare Currency Error Notes

2020 USRareCurrency.com - United States Currency Dealer

E-Mail: USRareCurrency@Hotmail.com

Phone: 425-298-6799

All Currency Stored In Bank Vaults