My US Bank Note Type Set

Sorry my poison dart friend, tomorrow. Or like Yoda says:

"Patience you must have, my young padawan."

I got a package on Saturday but as we had plans, I didn't get to it until late at night. This is the package I am keeping as it has the "Pluto not yet explored" stamp. Growing up, I was fascinated with Pluto. I even made friends with Dr. Alan Stern who is the Primary Investigator for New Horizons the space craft that did the flyby of Pluto. And while I have the new Pluto explored stamp, I didn't have the other one, all in all Friday was a very good day.



As the poison dart of coins and currency and el capitan del cafe have guessed the note I picked up was a $20 Gold Certificate from 1922. This was and is the most expensive note on my list. After this I have a few high priced notes but none as expensive as this one. These a few years ago were selling to $400 to $500, this note had a retail sale price of $525, but I paid NO WHERE near that. It was still under my $300 limit. With this note I only have 3 more large notes on my list. I haven't found a green eagle at a price I can add, but I see Denly's has them, so I may check them out. I've been going through Allen's list of notes and they seem to have the best price/quality I can find anywhere.

So a little about Gold Certificates:

While there 9 issues of large notes in GC, only 4 circulated. The vast majority were for interbank transfers and where high value >$100. The first series that circulated was the series of 1882 with denominations of $20 to $10,000.

The series of 1905, 1906 and 1907 only had $10 and $20. The 1905 were known as the "technicolor" series, while not as colorful as the "Rainbow" United States notes, they did have red seals and gold ink.

The note I acquired was from the 1922 series. In 1922, the last series before small notes , the Treasury Department printed GC in denominations from $10 to $1000. Of the GC the 1922 is the one, one can call affordable.

Starting 1933 and into 1960's, it was "technically" illegal to own GC. With the repeal of the gold standard, many of these were cashed in and destroyed. C. Douglas Dillon on April 24, 1964 removed the restrictions. While you can own the GC, they are no longer redeemable for gold, but you can cash them for Federal Reserve Notes.

Excellent purchase!

Congrats. These gold certificates really pop out next to other notes due to the color.

Nice pick-up!

My goal with all my acquisition is to complete a type set for a few denomination. Today's pickup, I am able to complete my version of a type set for $10 note. This is the 1929 Type 2 National Note.

Very nice!

Like I posted before, the last few on my list are expensive so the pickings are longer and longer to get. I did place an order and some notes are at the Post Office so hopefully early next week we'll get some pictures.