Description: Gold certificates were issued by the U.S. government as a form of currency backed by gold reserves, allowing individuals to carry paper notes that could be redeemed for gold coin or bullion upon request. This system provided a more convenient alternative to handling physical gold, which was bulky and difficult to transport. Issued primarily in the late 19th and early 20th centuries, these notes played a crucial role in facilitating commerce by providing a reliable, gold-backed medium of exchange. The gold certificates, including the 1922 $20, were part of a broader monetary system that linked the U.S. dollar directly to gold reserves, helping to ensure trust in the currency. However, after the Gold Reserve Act of 1933, gold certificates were withdrawn from circulation and no longer redeemable for gold, making them collectible relics of the nation’s gold-backed currency era.
Price: 1499 USD
Location: Manhattan Beach, California
End Time: 2024-11-16T17:56:34.000Z
Shipping Cost: N/A USD
Product Images
Item Specifics
Restocking Fee: No
Return shipping will be paid by: Seller
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money back or replacement (buyer's choice)
Circulated/Uncirculated: About Uncirculated
Denomination: $20
Type: Banknotes
Year: 1922
Certification Number: 1111
Grade: 55
Country/Region of Manufacture: United States
Certification: PCGS Banknote Grading
Modified Item: No
