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Gold Certificate Is the Gold Standard For Paper Money Collectors
Published on July 9, 2020
Heritage Auctions will be offering a $1,000 Gold Certificate in an upcoming auction that is so scarce that I have never seen one in person before.
Before the United States went off the gold standard in 1933, it was normal to have paper money that was either a Silver Certificate or Gold Certificate, payable in silver dollars or gold coins. It is from this era that a rare 1907 $1,000 Gold Certificate will come to auction at the August ANA Sale #3578. This note could have been traded in for $1,000 worth of gold coins at the time of its issuance!
That is exciting enough, but it is actually a small detail that makes this note so rare and valuable: its signature combination. Our catalogers explain why this note is worthy of its $50,000 and up estimate:
"The Napier-Burke signature combination on this is a most attractive $1000 Gold Certificate makes it excessively rare. Since these two individuals were only in office together for five months in 1913, the issuance of these high denomination notes was minimal, and today, only four pieces are reported.
Of those four, one is listed in the census as less than Good, another is PMG graded Choice Fine 15, and a third is graded PCGS Very Fine 20. Therefore, this offering is the finest known for this downright rare Friedberg number. Fortuitously, it displays just honest wear with excellent color on face and back. The last of the four known pieces to finally cross the public auction block, it presents a great opportunity for the collector who appreciates, and can afford, a true $1000 Gold rarity."
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