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100 Dollars Gold Certificate, Gold Seal left
| Issuer | United States Treasury |
|---|---|
| Year | 1928 |
| Type | Log in to see details |
| Value | 100 Dollars (100 USD) |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | THIS CERTIFIES THAT THERE HAVE BEEN DEPOSITED IN THE TREASURY OF THE UNITED STATES OF AMERICA ONE HUNDRED DOLLARS IN GOLD COIN PAYABLE TO THE BEARER ON DEMAND GOLD CERTIFICATE THIS CERTIFICATE IS A LEGAL TENDER IN THE AMOUNT THEREOF IN PAYMENT OF ALL DEBTS AND DUES PUBLIC AND PRIVATE THE UNITED STATES OF AMERICA ONE HUNDRED DOLLARS IN GOLD COIN PAYABLE TO THE BEARER ON DEMAND WASHINGTON, D.C. SERIES OF 1928 |
| Reverse description | Log in to see details |
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| Signature(s) | W.O. Woods and A.W. Mellon |
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| Comments |
Gold Certificates of the 1928 series were never intended for everyday commerce. Technically payable in gold coin on demand, they circulated primarily among banks and large commercial transactions — the $100 face value alone excluded most ordinary Americans. This changed abruptly in April 1933 when Executive Order 6102 required holders to surrender gold and gold-backed instruments to Federal Reserve Banks, effectively making continued possession illegal for private citizens.
Andrew Mellon's signature as Secretary of the Treasury is historically pointed: he had left office in February 1932, nearly a year before the gold recall, replaced by Ogden Mills. Notes bearing his name were already in circulation when the order came down.