1928 $50 Gold Certificate FR-2404 Signatures Woods/Mellon Grades vf+

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  Lot #11202  (Sale Order: 914 of 1097) 
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1928 $50 Gold Certificate FR-2404 Signatures Woods/Mellon Grades vf+. FR-2404 The FIRST Small-Sized $10 Gold Certificate!This 1928 $10 Gold Certificate is the first small-sized $10 Gold Certificate ever printed! For a few years, these 1928 notes circulated right alongside the better-known Federal Reserve Notes. In 1933, all of this changed. That year, the 1933 Gold Recall executive order was issued by President Franklin D. Roosevelt causing the Federal Reserve to transfer its stash of gold certificates and bullion to the Treasury. The notes were soon rendered obsolete and most of the gold-denominated paper was destroyed. As a result, they are difficult to find in quantity. Fortunately, a small number of notes escaped the bonfire. Here’s your chance to own one of these fabulous 19128 $10 Gold certificates—a blazing collectible right out of U.S. Gold history!There’s Gold In Them Thar Notes!The front of the notes features Alexander Hamilton, the first Secretary of the Treasury, with a seal to his left and the serial numbers in the upper right printed in stark gold. The reverse has the same green backs as later notes, but the obverse shows gold serial numbers and a gold seal. At the bottom center, the notes proclaim that the face amount is “IN GOLD COIN PAYABLE TO THE BEARER ON DEMAND,” which meant these notes could be turned into a bank for a $10 Goled Eagle at any time!It Was Illegal To Own These Notes For More Than 30 Years!Collectors who have an interest in monetary history, especially American monetary history, should have gold certificates in their collections. Following President Roosevelt’s decision to take the United States off the gold standard and recall all gold in 1933, it was illegal to own gold certificates until 1964 when the notes were converted to legal tender and could be sold freely among collectors.

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This item is part of Key Date Coins Weekend Special- $1 Openings! 22LD
 Saturday, Jun 7, 2025 | 1:30 PM  Eastern
 
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1928 $50 Gold Certificate FR-2404 Signatures Woods/Mellon Grades vf+
1928 $50 Gold Certificate FR-2404 Signatures Woods/Mellon Grades vf+
Lot number: 11202
Seller: Key Date Coins
Event: Key Date Coins Weekend Special- $1 Openings! 22LD
Ends: Saturday, June 7 | 1:30 PM  Eastern

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