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A new Large size $2 note to add to the collection!!
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<p>[QUOTE="Numbers, post: 364495, member: 11668"]Not exactly. The 1964 regulation which legalised the holding of gold certificates specifically referred to U.S. gold certificates issued before January 30, 1934--thus excluding the Series 1934 notes.</p><p><br /></p><p>At the time, of course, it was illegal for U.S. citizens to own gold at all (with certain exceptions), so it wouldn't have made any sense to lift the ban on the 1934 notes, nor on various foreign issues, which were still redeemable for gold. But the pre-1934 U.S. gold certificates hadn't been redeemable since '34 anyway, so there was no reason to prevent collectors from holding them. In fact, the loosening of the rules in 1964 came about because the Secret Service confiscated a few GC's from a collector, and the collector happened to have an old friend who was then serving in Congress....</p><p><br /></p><p>BTW, I'm pretty sure I've seen that note with serial 20113 before. I think it's on exhibit at one of the Federal Reserve Banks, but I'm too sleepy to go searching for it now. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Numbers, post: 364495, member: 11668"]Not exactly. The 1964 regulation which legalised the holding of gold certificates specifically referred to U.S. gold certificates issued before January 30, 1934--thus excluding the Series 1934 notes. At the time, of course, it was illegal for U.S. citizens to own gold at all (with certain exceptions), so it wouldn't have made any sense to lift the ban on the 1934 notes, nor on various foreign issues, which were still redeemable for gold. But the pre-1934 U.S. gold certificates hadn't been redeemable since '34 anyway, so there was no reason to prevent collectors from holding them. In fact, the loosening of the rules in 1964 came about because the Secret Service confiscated a few GC's from a collector, and the collector happened to have an old friend who was then serving in Congress.... BTW, I'm pretty sure I've seen that note with serial 20113 before. I think it's on exhibit at one of the Federal Reserve Banks, but I'm too sleepy to go searching for it now. :rolleyes:[/QUOTE]
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