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10000 Dollars Gold Certificate
| Issuer | United States Department of the Treasury |
|---|---|
| Year | 1934 |
| Type | Standard circulation banknote |
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| Obverse description | Printed in dark green, black, and white with a yellow-gold seal and serial number, the obverse carries an intaglio portrait vignette of Salmon P. Chase facing right at center, with the circular seal of the Department of the Treasury positioned to the left. The note bears the gold certificate obligation text in full across the upper register, with the series date, denomination, and signatures of the Treasurer and Secretary of the Treasury below. |
|---|---|
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| 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.