100 Dollars Gold Certificate of Deposit

Hawaii's Gold Certificates of Deposit were functionally warehouse receipts against gold coin held by the Republic's Treasury — not conventional banknotes in the commercial sense. The 1895 series was issued during a politically volatile stretch following the 1893 overthrow of the monarchy, when the provisional and then republican governments were scrambling to establish fiscal credibility while annexation negotiations with Washington dragged on.

American Bank Note Company handled the entire series. Pick 10 is the high denomination, and surviving examples are genuinely rare — the certificates were redeemable on demand, which meant most were presented and destroyed rather than kept.