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.
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1928 twenty dollar gold certificate, rare currency, American history, investing, tips, FAQ, legal tender, gold, Federal Reserve Notes
