In the past,
long before the notes with the green seal, in circulation today, were produced
to allow the populace to perform transactions across America, there was a time
when we used cash in the form of notes that carried terms such as Silver Certificate
and Gold Certificate on them. The Gold Certificate was a legal tender note that
began it's emergence into the American economic fabric in the late 19th century.
these Gold Certificate notes were used to transfer large quantities of money
from bank to bank by way of the promissory notes. Eventually, the point of using
the Gold Certificate was so the public could feel confident that the paper money
they were carrying actually represented something similar to the coins they
were carrying, which contained silver and gold; precious metals used for many
centuries to purchase goods and services throughout the world.
It is stated
quite clearly on the Gold Certificate large 50 dollar notes from the 1913 series,
to use one example, that, "THIS CERTIFIES THAT THERE HAS BEEN DEPOSITED IN THE
TREASURY OF THE UNITED STATES OF AMERICA FIFTY DOLLARS IN GOLD COIN PAYABLE
TO THE BEARER ON DEMAND." The many other types of the Gold Certificate, both
large and small notes, and in all denominations, carrying the Gold Certificate
label, provide some variation of this statement, thus giving the public an opportunity
to redeem any of the paper notes, at any of the Treasury of the United States
offices across the country, for real gold comparable to the amount of the Gold
Certificate at the time of redemption.
Reserve Act of 1933 required that all citizens turn in any Gold Certificate
in there possession as the "New Deal" administration of Franklin D. Roosevelt
began the process of taking the United States off the gold standard. C. Douglas
Dillon, the Secretary of the Treasury in 1964, finally removed any restrictions
on these notes, making them legal to owned or be collected. These notes are
It is suggested
that instead of using you old Gold Certificate to pay for gas, you bring it
in to one of the numismatic and notaphilist experts at Nevada Coin & Jewelry,
where we can examine it for a value more than just its face value. The average
Gold Certificate will trade on the open collectible market for at least 10 percent
above its face value and could be considerably more depending on condition and
rarity. Currency collecting is considered the "hobby of kings" and at Nevada
Coin & Jewelry, we have many experts on the subject.
your Gold Certificate in to any of the Nevada Coin & Jewelry locations in the
greater Las Vegas area and put our expertise to work for you today. Who knows?
Perhaps your Gold Certificate might just be a treasure!
30 Years Buying Precious Metals in Las Vegas Valley
The owner of the original Jewelry Exchange, founded in 1984, brings state of the art digital jewelry buying into a new millennium at Nevada Coin & Jewelry. Read more
Blue Diamond Store4150 Blue Diamond Rd. Suite 108
Las Vegas, NV 89139
(Between Target & Kohls
Near the Silverton Casino) (702) 220-4653 Monday - Saturday 10:00 am - 6:00 pm
Sunday 11:00 am - 4:00 pm