At first I thought that there was first the red seal (legal tender) and then silver and gold cert. and then the green seal... but when I really started to get into collecting the currency itself, I discovered that at one point they were ALL in circulation! In the 60s especially, they still released legal tenders after silver cert. and in 1928 there was already FRNs being produced. I'm quite confused as to how each bill differed from each other and how each bill was treated. Any clearification would be appreciated!
I don't think you would have got a Gold Certificate in change in the 1960's,as I think they were not allowed to be held by private citizens,except registered collectors.Can anyone please confirm? Aidan.
http://www.cointalk.org/showthread.php?t=15644&highlight=seal+colors We talked about this not too long ago.
Close. As part of the presidential order calling in the gold, gold certificates were also called in. But unlike the coinage there was no provision that allowed collectors to retain specimens for their collections and holding gold certificates was illegal by everyone until Harry Foreman won a court decision back around 1960 (while he was a teenage collector) that gave collectors the right to hold gold certificates as part of a currency collection.
