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<p>[QUOTE=&quot;vrt, post: 672142, member: 15308&quot;]1934 $100,000 never were legal to use/own by public. But the same Gold Reserve Act made possession of gold certificates (any denomination) to be illegal. I actually never read the act but I read the executive order by</p><p>William H. Woodin which commands to surrender gold and gold certificates (but not FRNs despite they were redimable in gold) and defines criminal charges for these who not obey. As far as I remember there was no explanation about any compensation for the gold - just &quot;surrender or be punished&quot; style.</p><p>&nbsp;</p><p>This is from some web coin shop:</p><p>&quot;Despite the fact that ownership of Gold Certificates was illegal for thirty years, many remained in the hands of collectors, meaning that for a time, they had the distinction of being contraband US currency. In 1964, possession of gold certificates was re-legalized, although redemption for gold was not reinstituted (not surprisingly).&quot;[/QUOTE]</p><p><br /></p>

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