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U.S. GOLD CERTIFICATES 1865-1933

Updated on October 14, 2011
This is the 1882 $1,000 Gold Certificate.
This is the 1882 $1,000 Gold Certificate. | Source
This is the 1922 $10 Gold Certificate.
This is the 1922 $10 Gold Certificate. | Source
This is the 1928 $50 Gold Certificate.
This is the 1928 $50 Gold Certificate. | Source

The U.S. Gold Certificate was used as paper currency beginning in 1865 and ending in 1933. It has been reported that these gold certificates date all the way back to November of 1865. Each certificate noted was equal face value in gold. For example, if you have a $100 Gold Certificate, then you could trade it in for $100 in gold. The U.S. Government ended the gold certificate in 1933 and in 1964, it actually became illegal to own these certificates. Just a few years later, the band was lifted and it became legal U.S. tender notes. Even though it was now legal tender, it no longer carried any gold value or trade. The 1933 Gold Standard Act ended the production of the gold certificate.

In 1865, the first series began being produced and released. If you owned such a note, you could trade it for an equal amount of gold. From 1865-1922, all gold certificates released were slightly larger then regular sized tender notes. Most of the gold certificates produced had two sides to it just like the legal tender of today, but back in the early years of production, only one side was used. The other side of the gold certificate would be used by the bank or market as a receipt of the trade.

Over all the years of the gold certificates production, there were many different types of certificates produced. In total, there were 9 different series of gold certificates in all. The very first series of the gold certificate was produced in 1865. Two more series were produced in the years after. In all, three series of certificates were produced between 1865-1875. The 4th series was produced in 1882. It includedthe $20, $50, $100, $500, $1,000, $5,000, and the $10,000. The fifth and sixth series of production was from 1888-1900. All certificate types were made through these years. In 1900, only $10,000 Gold Certificates were made. The seventh series was produced from 1905-1907. Only $10 and $20 Gold Certificates were made for those years. Series eight was produced in 1907 only. During this series, only $1,000 Gold Certificates were produced. The 9th and final series was produced in two separate years, 1913 and 1922. Every certificate was produced in 1922, but only $50 Gold Certificates were made in 1913. The series was never changed again, although they were produced until 1933. In 2000, a 1882 $1,000 Gold Certificate sold for $945,000.

There were two different series produced in 1928. The 1928 Gold Certificate and the 1928A Gold Certificate. The 1928A Gold Certificate was destroyed and they were never released. The 1928 Gold Certificates are the most common gold certificate found today and the value chart below is based on their values. These values are for the 1928 Gold Certificates in average condition. If your gold certificate is in great shape or has an older date, it will be worth more then the values below. I choose these values because the common certificate will be worn on average. The value of your certificate depends on the date and condition. The older it is, the more valuable it will be. If your certificate is crisp and clean, then it will be much higher then the values below.

This is the 1928 $10,000 Gold Certificate.
This is the 1928 $10,000 Gold Certificate. | Source
This is the 1928 $500 Gold Certificate.
This is the 1928 $500 Gold Certificate. | Source

1928 GOLD CERTIFICATE VALUES

DATE 
AMOUNT 
VALUE 
1928 
$10 
$55 
1928 
$20 
$65 
1928 
$50 
$155 
1928
$100
$250
1928
$500
$2,500
1928
$1,000
$4,500
1928
$5,000
$15,000
1928
$10,000
$20,000 or higher
 
 
 

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    • thelyricwriter profile image
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      Richard Ricky Hale 6 years ago from West Virginia

      Hey there James. Yeah, that is crazy. I can't believe at one point and time, gold was illegal. I appreciate your expertise and thanks for coming by.

    • James A Watkins profile image

      James A Watkins 6 years ago from Chicago

      Fascinating article. FDR not only ended Gold Certificates, he confiscated all the actual gold from the American citizens. That is why they built Fort Knox. To hold it all. :)

    • thelyricwriter profile image
      Author

      Richard Ricky Hale 6 years ago from West Virginia

      Hey there Will. You should write an article about that. It would be interesting. Everything you write is really. Nice to hear from you and I shall see you soon.

    • WillStarr profile image

      WillStarr 6 years ago from Phoenix, Arizona

      Someday, I'll write a Hub on money, and why we no longer have any.

      Good work!

    • thelyricwriter profile image
      Author

      Richard Ricky Hale 6 years ago from West Virginia

      Thanks for coming back by Sueswan. I really appreciate your time. Mt best guess is because it wasn't needed as much. That is all I can think of. They are real valuable though. A very rare catch.

    • profile image

      Sueswan 6 years ago

      Another interesting and informative hub.

      I wonder why only $10,000.00 gold certificates were made in 1900?

      It sure would be cool to be the owner of one of these gold certificates.

    • thelyricwriter profile image
      Author

      Richard Ricky Hale 6 years ago from West Virginia

      He there SusieQ. Thanks for coming by and chating. Hope all is well.

    • profile image

      Susieq42 6 years ago

      Voted up and interesting. I also wish I had some of these! Thanks for the info.

    • thelyricwriter profile image
      Author

      Richard Ricky Hale 6 years ago from West Virginia

      Mentalist, thank you for all your time over here on my page and for reading all my material. It means a lot to me pal. I do to wish I had one. I have a car right now instead of walking! My gratitude goes to you.

    • Mentalist acer profile image

      Mentalist acer 6 years ago from A Voice in your Mind!

      Oddly enough,I romanticize over owning a gold note and worth it's face value in gold...another informative hub thelyricwriter.;)

    • thelyricwriter profile image
      Author

      Richard Ricky Hale 6 years ago from West Virginia

      Thank you Gypsy for checking it out. I am glad you enjoy them. Hope you have a good weekend.

    • Gypsy Rose Lee profile image

      Gypsy Rose Lee 6 years ago from Riga, Latvia

      Always a fascinating read when it comes to your money hubs