Care to settle a question? I’ve had this “gold clause” FRN for several years now after it was gifted to me by my Grandfather. Ever since I received it I have had doubts about its authenticity and often have leaned towards it being a contemporary counterfeit. Regardless, I would like to hear what others have to say about this particular note’s authenticity.
looks like it has been washed in the ole' "ringer" washer a few times with lye soap. Looks real to me just seen better days
Definitely counterfeit. Series 1928A $5 LT’s started with the C-A block. If you’re ever in doubt, look at the eyes. This is a genuine portrait.
Looks off to me. I doubt it’s real. Back then this would have been a valuable amount to counterfeit, sort of like counterfeiting a $20 or $50 today.
The fine details in the portrait are lacking on your note, the ink is out of place and it doesn't look like an intaglio print but something that was offset printed. Even the green colour in the seals and the reverse is a bit darker than on the real note. Compare the printing in the portrait in @SteveInTampa 's note with yours and you will notice the difference.
Any coin or currency during this period of time of "GOLD", only collectors could keep any of such. Many did not turn these it and they are still popping up. I have received and acquired many. I acquired a 1928 $100.00 gold certificate from my local bank because my bank teller kept it for me. So the above is real. Effects. Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve in exchange for $20.67 (equivalent to $413 in 2020) per troy ounce. Signed by: Franklin Delano Roosevelt on 5 April ... Executive Order number: 6102
That’s what aroused my suspicions in the first place along with what @scottishmoney, mentioned. Anyway, thanks for your input @SteveInTampa. Granted, I had gotten into a semi-heated discussion with my grandfather yesterday by pointing out my suspicions, so I figured that additional opinions would be warranted.
Why...? You must have a reason(s) for your doubts or leaning that way...what is it more specifically...?
What warranted my suspicion originally was the overall lack of detail compared to other contemporary notes in my collection.
I have a 1877-S twenty-cent piece with crooked CRUDE milled edge (to make folks believe it was a Quarter) for the same reason. not worth much but has History