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10000 Dollars Gold Certificate
| Issuer | United States Department of the Treasury |
|---|---|
| Year | 1934 |
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| Composition | Cotton paper |
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| Obverse lettering | THIS IS TO CERTIFY THAT THERE IS ON DEPOSIT IN THE TREASURY OF THE UNITED STATES OF AMERICA TEN THOUSAND DOLLARS IN GOLD PAYABLE TO BEARER ON DEMAND AS AUTHORIZED BY LAW 10,000 SERIES OF 1934 A00000539A GOLD CERTIFICATE THIS CERTIFICATE IS LEGAL TENDER IN THE AMOUNT THEREOF IN PAYMENT OF ALL DEBTS AND DUES, PUBLIC AND PRIVATE THESAUR. ★ AMER. ★ SEPTENT. ★ SIGIL W. A. Julian Treasurer of the United States CHASE WASHINGTON. D.C. E1 Henry Morgenthau Jr Secretary of the Treasury |
| Reverse description | Printed entirely in orange-gold on a white ground, the reverse is dominated by a bold intaglio denomination numeral 10,000 at the four corners and a large central guilloche panel bearing the inscriptions of the issuing authority and denomination in capital letters. Elaborate scrollwork and foliate ornamental borders frame the composition on all sides, consistent with the engraving style used across the 1928–1934 large-denomination gold certificate series. |
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| Comments |
The 1934 series $10,000 Gold Certificate was never intended for public hands. Issued exclusively for interbank transfers between Federal Reserve Banks, these notes settled large institutional balances without requiring physical gold shipment — a bookkeeping instrument more than a circulating currency. By the time the series was printed, Executive Order 6102 had already removed gold from public circulation, making the "Gold Certificate" designation something of a legal fiction: the notes were redeemable in gold only between qualifying financial institutions.
Fewer than five examples are known to exist outside government holdings. The Treasury retired and destroyed the vast majority during routine clearinghouse settlements, as they were never meant to leave the Federal Reserve system.