Large Size Gold Certificates
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.
TT FR 1180 1905 $20 GOLD CERTIFICATE TECHNICOLOR PCGS 55 CHOICE ABOUT NEW ...
TT FR 1180 1905 $20 GOLD CERTIFICATE TECHNICOLOR PCGS 55 CHOICE ABOUT NEW 1905 $20 Gold Certificate Serial# A404320 with the signatures of Lyon/Treat. Friedberg# 1180. Plate# D33/1. Graded 55 by PCGS. Technicolor $20s have always been popular among paper money collectors. This is a very nice note, with decent margins and great colors. Minor signs of circulation hold this lovely note from higher grande. Ready for the astute collector. No pinholes, rips, or tears. The ...
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