
1928 $20 Gold Certificate PMG 55 EPQ About Unc. Fr#: 2402
Gold Certificates
Gold Certificates were used from 1882 to 1933 as a form of paper currency. Each Gold Certificate gave its holder title to its corresponding amount of Gold coin. The Gold Certificate was intended to represent actual Gold coinage. In 1933 the practice of redeeming these Gold Certificates for Gold coins was ended by the government and until 1964 it was actually illegal to possess these Gold Certificates. In 1964 these restrictions were lifted, primarily to allow collectors to own examples legally. At this time the Gold Certificates were converted to standard legal tender with no connection to gold.
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