United States 1928 - 20 Dollars Gold Certificate (Friedberg 2402, AA Block), PMG 50 EPQ About Uncirculated
Gold Certificates were obligations payable in gold coin to the bearer on demand, a clause prominently displayed on the face of the note. These certificates functioned as direct claims on gold reserves held by the United States Treasury, circulating alongside Federal Reserve Notes and Silver Certificates during the late gold standard period. The 1928 series marked the transition from large-size to small-size format, standardizing dimensions across denominations while preserving the intricate intaglio artistry of earlier designs. Read more →