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 Replies: 16 / Views: 6,824 |
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Pillar of the Community
United States
593 Posts |
Looking through a stack of old notes I`ve collect over time. I have a Richmond Va Fed Reserve note avg. circ redeemable in gold from series 1928-B. I cant find much on value or for sale. Just on the CCF forum on paper $ facts. Ive seen a lot of $10 and $20`s Are they scarce? or valuable, I hope I have a few other 1935 silver certs $1`s & $5`s blue seal silver cert. and red seal $2`s and $5`s. also several stars and errors.  The $5 gold cert is interesting. Any info from the paper experts? Thanks Gary |
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Pillar of the Community
United States
624 Posts |
This is a link to CoinWorld's pdf on Paper Money. They have what I thought was every variation of paper. However on the final page under Gold Cerficacates They have $10, $20, $50, $100, $500 and $1000 listed for 1928 Only but... Alas, no $5 You may be looking at something super rare, maybe a limited run or test print? I'm not an expert but I don't see it listed. Is there a serial number on it and if so how low is it it, that may give an insight into how rare it is. Also, you know us, we love pictures. http://www.coinworld.com/content/da...y-Values.pdf |
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Pillar of the Community
United States
757 Posts |
If it's a 1928 B it's a FR-1952. It's not a gold note per se, but it has the clause written in at the top saying "redeemable in gold on demand at the United State treasury or in gold or lawful money at any Federal reserve bank". This is when money was still backed by gold, so the clause was on every bill printed. A few years later we withdrew from the gold standard and the bills started to have a new clause printed saying what it basically says currently "this note is legal tender for all debts public and private".
As far as value goes they could be worth face to hundreds to thousands of dollars depending on too many factors to even list. For example there are light seal and dark seal version, condition, serial number, star notes, ect. If you can post a picture I'm sure someone here can give you a better idea on price.
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Pillar of the Community
United States
742 Posts |
Just to be clear. This is a $5.00 Federal Reserve Note that was redeemable in gold. That does not make it a Gold Certificate.
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Pillar of the Community
United States
2233 Posts |
There were no $5 Gold Certificates printed. Only $10 and up...
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Pillar of the Community
United States
5850 Posts |
As davec13 mentioned, the OP was referring to a note similar to the following:  The obligation clause on the obverse reads, "REDEEMABLE IN GOLD ON DEMAND AT THE UNITED STATES TREASURY, OR IN GOLD OR LAWFUL MONEY AT ANY FEDERAL RESERVE BANK." That doesn't make it a "gold certificate" or a "gold note." It's a Federal Reserve Note that is redeemable in gold. |
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Pillar of the Community
 United States
593 Posts |
I appreciate the feedback. I learned something new today
I admit that I'm not much into collecting paper money. But I will save unusual or older bills. Most of my bills have been stashed for many years.
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Pillar of the Community
United States
593 Posts |
Barryg, That's the bills. Thanks a lot
Mayflower, Great info very helpful pdf
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Pillar of the Community
United States
5850 Posts |
My pleasure! That note, btw, is from my own collection.
If you're curious as to value, a 1928B in average condition might be worth $8-$20, while one in mint condition might be worth around $50-70. Now, if it had been a 1928C or a 1928D, you'd be talking serious money (especially the 1928D which can be worth thousands of dollars in mint condition).
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Bedrock of the Community
United States
94367 Posts |
Or a '28B LGS (Richmond)! Then you'd really have something.
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Pillar of the Community
United States
593 Posts |
Barryg, coinfrog,
Whats the LGS mean?
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Pillar of the Community
United States
757 Posts |
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Pillar of the Community
United States
593 Posts |
Not my Lucky day for the LGS. Darn!! Very easy to tell with the collection pic`s you sent.
Thanks Davec13 and other CCF members for the help
My note is: 1928-B Dark Blue-Green seal. Fed Reserve of Richmond Va #5
Serial # E-11256920-A
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Bedrock of the Community
 United States
12819 Posts |
Quote:
I learned something new today That makes two of us. Just another example of why CCF is such an outstanding resource. |
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New Member
United States
5 Posts |
Hi, everyone. I am new to the forum. Came across it by chance. I was a member years ago. Anyway, does anyone have an idea what the run was for the "gold version" of the note?  |
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Bedrock of the Community
United States
94367 Posts |
Andy - according to Schwartz and Lindquist, it was 29,010,354 (for the dark green seal 1928B $5 FRN that you show).
Edited by Coinfrog
11/04/2015 6:20 pm
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Replies: 16 / Views: 6,824 |
Posted 10/28/2015 07:06 am
