Coin ID: 8012232-027
A gorgeous example of this wonderful Gold Certificate with bold colors and sharp look. We’ve been saying for many years that investors/collectors should be focused on any and all Gold Certificates as they’re getting more popular by the year.
A gold certificate in general is a certificate of ownership that gold owners hold instead of storing the actual gold. It has both a historic meaning as a U.S. paper currency (1863–1933) and a current meaning as a way to invest in gold. The ten dollar gold certificate was only issued for three years, 1907, 1922, and 1928.
Under the Series of 1928, all U.S. currency was changed to its current size. The small size $20 gold certificate was only issued for 1928. The obverse features a cropped version of Andrew Jackson's portrait. The reverse of the bill features a south view of the White House. The series 1928 bill is unique because it shows the statement "IN GOLD COIN PAYABLE TO THE BEARER ON DEMAND". This series was the last time a redeemable in gold clause was featured on currency due to the U.S. withdrawing from the gold standard.
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