What is National Collector's Mint $100,000 Gold Certificate Tribute?
The National Collector's Mint $100,000 Gold Certificate Tribute is a cherished commemorative item that pays tribute to an iconic piece of American history. The original $100,000 Gold Certificate was a historic piece of currency that was created in 1934 and was only used between Federal Reserve Banks. It was never issued to the general public, and it is considered one of the most valuable banknotes in the world.
The National Collector's Mint has created a beautiful tribute to this historic currency in the form of a 24k gold-plated version of the note. The tribute is a precise replica of the original banknote, complete with intricate design elements, engraved serial numbers, and intricate details that closely mirror the original.
The gold certificate tribute is a testament to America's rich cultural and economic heritage and is considered one of the most valuable collector's items in the world. As a tribute to the original currency, this item is a unique piece of history that serves as a reminder of the country's economic power and the strength of its financial institutions.
Whether you are a currency collector or simply a lover of American history, the National Collector's Mint $100,000 Gold Certificate Tribute is a prized possession that represents a valuable part of our country's past.
Frequently Asked Questions about national collector's mint $100,000 gold certificate tribute
The $100,000 bill is the highest denomination ever issued by the U.S. Federal Government. Printed in 1934, it was not intended for general use, but instead was used as an accounting device between branches of the Federal Reserve. It is illegal for a private individual to own this banknote.
The U.S. abandoned the gold standard in 1933. Gold certificates issued by the U.S. Mint are now collectors' items. A gold certificate can be purchased on eBay for about $10-$200 or more depending on its age, rarity, and condition.
Although they haven't been redeemable in gold since 1933, they are still legal tender U.S. currency, and remain popular, partly on account of the distinctive and beautiful yellow-orange backs and the yellow seals and serial numbers found on most notes. Denominations issued ranged from $10 to $100,000.
Bank of England £1,000,000 note, also referred to as Giant, is a non-circulating Bank of England sterling banknote used to back the value of Scottish and Northern Irish banknotes.
The $100,000 bill, while fascinating and historically significant, does not possess a current monetary value in terms of face value or legal tender. Since the bill is no longer in circulation and was never intended for general use by the public, it holds no practical worth in everyday transactions.
42,000
42,000 of the $100,000 denomination were printed. According to the Bureau of Engraving and Printing's own website, the $100,000 certificates were printed between 18 December 1934 and 9 January 1935.
Gold certificates were issued by banks and financial institutions as proof of ownership for gold deposited with them. As paper proof of ownership, they are easier to exchange and handle than the actual heavy physical metal.
However, all gold certificates are considered legal tender and can be redeemed at any financial institution for their face value in equivalent current coin or paper money. However, if the Gold Certificate was redeemed, it was canceled by punching a series of holes in the note that spelled the word CANCELED.
The restrictions on private ownership of gold certificates were revoked by Treasury Secretary Douglas Dillon effective 24 April 1964, primarily to allow collectors to own examples legally; however, gold certificates are no longer redeemable for gold, but instead can be exchanged at face value for other U.S. coin and ...
The use of large bills in the 21st Century has decreased dramatically, and they've been greater targets for counterfeits versus smaller denominations. They're still legitimate legal tender but are in limited circulation, except for the $100,000 bill, which was only ever used in fiscal channels.
Serial Number
A unique combination of eleven numbers and letters appears twice on the front of the note. Each note has a unique serial number. The first letter of the serial number corresponds to the series year. A “star” suffix is used to identify notes that serve as replacements during the production process.
Woodrow Wilson
Woodrow Wilson was born in Staunton, Virginia in 1856 to a Presbyterian reverend of Scots-Irish descent.
Series: 1934. Portrait: Woodrow Wilson. Back Vignette: The United States of America - 100,000 - One Hundred Thousand Dollars. The $100,000 Gold Certificate was used only for official transactions between Federal Reserve Banks and was not circulated among the general public.
The $100,000 bill, while fascinating and historically significant, does not possess a current monetary value in terms of face value or legal tender. Since the bill is no longer in circulation and was never intended for general use by the public, it holds no practical worth in everyday transactions.
Gold Certificates-What they are and are not
A gold certificate is a piece of paper representing ownership of a specified amount of gold. Gold certificates were formerly used as a paper currency in the United States, and now are used as a way to invest in physical gold without having to store that gold.
The restrictions on private ownership of gold certificates were revoked by Treasury Secretary Douglas Dillon effective 24 April 1964, primarily to allow collectors to own examples legally; however, gold certificates are no longer redeemable for gold, but instead can be exchanged at face value for other U.S. coin and ...
