Sample Certificate: 1928

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Exploring The History And Significance Of 1928 Silver Certificate

Sold Price 1928 1 Silver Certificate Funny Back Crisp X46077125A from www.invaluable.com

Introduction

1928 was an eventful year in American history. It marked the beginning of the Great Depression and the end of the Roaring Twenties. It was also the year when the U.S. Bureau of Engraving and Printing started printing a new type of currency - the silver certificate. In this article, we will explore the history and significance of the 1928 silver certificate.

What is a Silver Certificate?

A silver certificate was a type of paper currency that was backed by silver. The U.S. government issued silver certificates from 1878 to 1964. The certificates were redeemable for silver coins or silver bullion. The 1928 silver certificate was the last type of silver certificate that was issued in small-size notes.

Sample 1928 Silver Certificates

There were three different varieties of the 1928 silver certificate:

1928 $1 Silver Certificate - Funny Back

The 1928 $1 silver certificate is also known as the "Funny Back" due to the design of the reverse side. The reverse side features an intricate design of stars and circles that resembles a maze. The design was intended to prevent counterfeiting.

1928 $1 Silver Certificate - Blue Seal

The 1928 $1 silver certificate with a blue seal is also known as the "Educational Series" due to the design of the obverse side. The obverse side features a portrait of George Washington and an allegorical figure of History. The blue seal indicates that the certificate was backed by silver.

1928 $5 Silver Certificate - Red Seal

The 1928 $5 silver certificate with a red seal is also known as the "Red Seal Five" due to the color of the seal. The obverse side features a portrait of Abraham Lincoln, while the reverse side features a design of the Lincoln Memorial.

Tips for Collecting 1928 Silver Certificates

If you are interested in collecting 1928 silver certificates, here are some tips to keep in mind:

Buy from reputable dealers: Make sure to buy from dealers who have a good reputation and are members of professional organizations.
Check the condition: The value of a silver certificate depends on its condition. Look for notes that are in good condition with minimal damage or wear.
Focus on rare varieties: Some varieties of 1928 silver certificates are rarer than others. Focus on collecting these rare varieties to increase the value of your collection.

FAQs About 1928 Silver Certificates

1. Are 1928 silver certificates still legal tender?

No, 1928 silver certificates are no longer legal tender. They were replaced by Federal Reserve notes in 1964.

2. What is the value of a 1928 silver certificate?

The value of a 1928 silver certificate depends on its condition and rarity. Some notes may be worth only a few dollars, while others can be worth thousands of dollars.

3. How were silver certificates used?

Silver certificates were used as a form of currency. They could be used to pay for goods and services, or they could be exchanged for silver coins or bullion.

4. Why were silver certificates discontinued?

Silver certificates were discontinued because the U.S. government stopped redeeming them for silver in 1968. The government also stopped issuing them in favor of Federal Reserve notes.

5. How many 1928 silver certificates were printed?

The exact number of 1928 silver certificates that were printed is unknown. However, millions of notes were printed for each variety.

6. Can you still redeem a 1928 silver certificate for silver?

No, you cannot redeem a 1928 silver certificate for silver. The U.S. government stopped redeeming them for silver in 1968.

7. What makes a 1928 silver certificate valuable?

The value of a 1928 silver certificate depends on its rarity and condition. Some varieties are rarer than others, and notes that are in good condition are more valuable than those with damage or wear.

Tags:

1928 silver certificate, paper currency, U.S. government, silver coins, silver bullion, Great Depression, Roaring Twenties, U.S. Bureau of Engraving and Printing, small-size notes, Funny Back, Blue Seal, Educational Series, Red Seal, Abraham Lincoln, George Washington, History, Lincoln Memorial, collecting, rare varieties, legal tender, Federal Reserve notes, currency, redeeming, printing, value, condition, rarity

Series 1928 20 Dollars Gold Certificate Washington, D.C. Redeemable from www.propertyroom.com

The 1928 twenty dollar gold certificate is a rare piece of American currency that has become highly sought after by collectors and investors alike. This unique note was issued by the United States government during a time when gold was the standard for currency, making it a valuable and fascinating piece of history.

What is a 1928 Twenty Dollar Gold Certificate?

In 1928, the United States government issued a series of paper currency known as gold certificates. These certificates were essentially receipts for gold coins or bars held in reserve by the government. The 1928 twenty dollar gold certificate featured a portrait of President Grover Cleveland on the front, and an image of the U.S. Capitol on the back.

What made these certificates unique was that they were redeemable for actual gold, meaning that the holder could exchange them for their weight in gold bullion. This made them a popular investment option for those who wanted a tangible asset instead of paper currency.

Sample 1928 Twenty Dollar Gold Certificates

Here are three examples of 1928 twenty dollar gold certificates:

1. 1928 $20 Gold Certificate Fr. 2405 PMG Gem Uncirculated 66 EPQ

This particular certificate is graded as gem uncirculated, meaning that it is in excellent condition and has not been circulated. It is considered to be one of the highest quality 1928 twenty dollar gold certificates in existence.

2. 1928 $20 Gold Certificate Fr. 2405 PCGS Extremely Fine 45

This certificate is graded as extremely fine, indicating that it has some minor flaws but is still in very good condition. It is a great option for collectors who want a high-quality piece of history without breaking the bank.

3. 1928 $20 Gold Certificate Fr. 2405 PCGS Very Fine 25

This certificate is graded as very fine, meaning that it has some significant wear and tear but is still intact and readable. It is a more affordable option for those who want to own a piece of history but don't have a large budget.

Tips for Investing in 1928 Twenty Dollar Gold Certificates

If you are considering investing in a 1928 twenty dollar gold certificate, here are some tips to keep in mind:

Buy from a reputable dealer: Make sure that you are purchasing your certificate from a reputable dealer who has experience with rare currency.
Check the condition: Look for certificates that are in good condition and have not been heavily circulated.
Research the market: Keep an eye on the market to see how prices are fluctuating, and make your purchase at the right time.
Consider diversification: Don't put all of your investment dollars into one certificate. Consider purchasing a variety of rare currency to diversify your portfolio.

Frequently Asked Questions (FAQ) about 1928 Twenty Dollar Gold Certificates

1. Are 1928 twenty dollar gold certificates still legal tender?

No, 1928 twenty dollar gold certificates are no longer legal tender in the United States. They were replaced by Federal Reserve Notes in 1933.

2. How much is a 1928 twenty dollar gold certificate worth?

The value of a 1928 twenty dollar gold certificate depends on a variety of factors, including its condition, rarity, and historical significance. Some certificates may be worth thousands of dollars, while others may only be worth a few hundred.

3. Can I still redeem a 1928 twenty dollar gold certificate for gold?

No, it is no longer possible to redeem 1928 twenty dollar gold certificates for gold. The U.S. government stopped redeeming gold certificates for gold in 1933.

4. How many 1928 twenty dollar gold certificates were printed?

It is estimated that approximately 1,770,000 1928 twenty dollar gold certificates were printed.

5. Why were gold certificates discontinued?

Gold certificates were discontinued in 1933 as part of President Franklin D. Roosevelt's plan to stabilize the economy during the Great Depression. The government wanted to take control of the nation's gold supply in order to prevent hoarding and speculation.

6. What is the difference between a gold certificate and a Federal Reserve Note?

A gold certificate was a receipt for actual gold held in reserve by the government, while a Federal Reserve Note is backed by the full faith and credit of the U.S. government. Gold certificates were discontinued in 1933, and Federal Reserve Notes became the standard form of currency in the United States.

7. Why are 1928 twenty dollar gold certificates so valuable?

1928 twenty dollar gold certificates are valuable because they are rare and have historical significance. They were issued during a time when gold was the standard for currency, and they are a tangible reminder of that era in American history.