Series 1928 $20 Gold Certificate Circ

Product Description

The small-size Series 1928 $20 gold certificate could be exchanged for gold coins in the same fashion as a silver certificate, but that would all change in 1933. Due to the effects of the Great Depression, F.D.R. issued Executive Order 6102 which made the private ownership of gold in any form – including these certificates – illegal. When the Treasury revoked the prohibited status of surviving gold certificates in 1964, citizens could once again own the forbidden notes, but they were no longer redeemable for the precious metal! Today they are a favorite of currency collectors. Circulated quality.