Gold certificate
Value Series Fr Portrait Signature & seal varieties
10 $ 10 1928 1928 Fr.2400 Alexander Hamilton 2400 - Woods and Mellon - gold 2401 - Woods and Mellon ( 1928A ) - gold
20 $ 20 1928 1928 Fr.2402 Andrew Jackson 2402 - Woods and Mellon - gold 2403 - Woods and Mills ( 1928A ) - gold
50 $ 50 1928 1928 Fr.2404 Ulysses Grant 2404 - Woods and Mellon - gold
100 $ 100 1928 1928 Fr.2405 Benjamin Franklin 2405 - Woods and Mellon - gold
500 $ 500 1928 1928 Fr.2407 William McKinley 2407 - Woods and Mellon - gold
1000 $ 1,000 1928 1928 Fr.2408 Grover Cleveland 2408 - Woods and Mellon - gold
5000 $ 5,000 1928 1928 Fr.2410 James Madison 2410 - Woods and Mellon - gold
10000 $ 10,000 1928 1928 Fr.2411 Salmon P. Chase 2411 - Woods and Mellon - gold
100 $ 100 1934 1934 Fr.2406 Benjamin Franklin 2406 - Julian and Morgenthau - gold
1000 $ 1,000 1934 1934 Fr.2409 Grover Cleveland 2409 - Julian and Morgenthau - gold
10000 $ 10,000 1934 1934 Fr.2412 Salmon P. Chase 2412 - Julian and Morgenthau - gold
100000 $ 100,000 1934 1934 Fr.2413 Woodrow Wilson 2413 - Julian and Morgenthau - gold
Issue -- Complete United States Gold Certificate type set
A gold certificate in general is a certificate of ownership that gold owners hold instead of storing the actual gold. It has both a historic meaning as a U.S. paper currency (1863-1933) and a current meaning as a way to invest in gold. Banks may issue gold certificates for gold that is allocated (non-fungible) or unallocated (fungible or pooled). Unallocated gold certificates are a form of fractional-reserve banking and do not guarantee an equal exchange for metal in the event of a run on the issuing bank's gold on deposit. Allocated gold certificates should be correlated with specific numbered bars, although it is difficult to determine whether a bank is improperly allocating a single bar to more than one party.