1906 $20 Large Size Gold Certificate Grades vf+ Signatures Napier/McClung

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  Lot #12642  (Sale Order: 935 of 1122) 
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1906 $20 Large Size Gold Certificate Grades vf+ Signatures Napier/McClung. FR-1183 Among The Last Large-Sized $20 Gold CertificatesBefore the Gold Recall in 1933, you could walk into a bank with a 1906 $20 Gold Certificate and exchange it for a vintage $20 Gold Double Eagle coin struck in highly pure 90% fine gold. On April 5, 1933, President Franklin Roosevelt ordered all gold coins and gold certificates to be turned into the Federal Reserve. By May 10, 1933, the government had taken in $300 million gold coins and $470 million gold certificates—which quickly decimated the availability of U.S. Gold Certificates like these.Golden “Horse Blanket” NotesThe front of this Note features George Washington, the first President of the U.S. and is available here in Very Fine (VF) condition. This note is from the 1906 series—one of the last series of large-sized $20 Gold Certificates—and is referred to as a “Horse Blanket” note due to its large size. At 7?" x 3?", this note is about 30% larger than today’s currency! In production from 1863 to 1933, U.S. Gold Certificates were the counterpart to the U.S. Silver Certificates. Like the Silver Certificates, Gold Certificate featured a face value redeemable for gold coins in that same amount. Unlike many other forms of paper currency, Gold Certificates were available for a much shorter period of American history.

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This item is part of The Boston Rare Coin Collecton Estate Auction 22MA
 Sunday, Jun 8, 2025 | 1:30 PM  Eastern
 
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1906 $20 Large Size Gold Certificate Grades vf+ Signatures Napier/McClung
1906 $20 Large Size Gold Certificate Grades vf+ Signatures Napier/McClung
Lot number: 12642
Seller: Key Date Coins
Event: The Boston Rare Coin Collecton Estate Auction 22MA
Ends: Sunday, June 8 | 1:30 PM  Eastern

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