Catalog
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| Issuer | United States Treasury |
|---|---|
| Year | 1928 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
| Size | 159 x 67 mm |
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| Obverse description | Central intaglio vignette of Benjamin Franklin within an ornate oval frame, positioned at centre. To the left, a bold golden circular seal inscribed GOLD CERTIFICATE with a star-prefixed serial number below; the denomination numeral 100 appears in large intaglio print at right. The gold-orange underprint carries the certification text and legal tender clause, with two facsimile signatures of the Treasurer of the United States and the Secretary of the Treasury printed below the portrait. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Central intaglio vignette of Independence Hall in Philadelphia, rendered in green with fine line-engraved detail of the building's facade, flanked by trees and surrounding structures. The caption INDEPENDENCE HALL appears beneath the vignette. The note is printed entirely in green ink with an elaborate guilloche border running the full perimeter. |
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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.