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<p>[QUOTE=&quot;GoldFinger1969, post: 26595072, member: 73489&quot;]<b><span style="color: #00b359">1928 Federal Reserve Notes (FRNs):</span></b></p><ul> <li>Issuing Body: Federal Reserve Banks.</li> <li>Gold Language: &quot;Redeemable in gold on demand at the United States Treasury, or in gold or lawful money at any Federal Reserve Bank.&quot;</li> <li>Redemption: Could be exchanged for gold coins or other &quot;lawful money&quot; at the Treasury or a FRB.</li> <li>Appearance: Green backs, gold serial numbers/seal on the front (like a standard FRN). </li> </ul><p><br /></p><p><b><span style="color: #ffa64d">1928 Gold Certificates (GCs):</span></b></p><ul> <li>Issuing Body: U.S. Treasury.</li> <li>Gold Language: &quot;This certifies that there has been deposited in the Treasury of the United States of America $X in gold coin payable to the bearer on demand.&quot;</li> <li>Redemption: Direct claim on gold coin held in the Treasury, essentially gold certificates.</li> <li>Appearance: Gold seal and serial numbers on the front; the backs were orange (&quot;yellow boys&quot;) for large size, but the small 1928 series matched the green backs of FRNs, notes <a href="https://en.wikipedia.org/wiki/Gold_certificate_(United_States)" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Gold_certificate_(United_States)" rel="nofollow">https://en.wikipedia.org/wiki/Gold_certificate_(United_States)</a>. </li> </ul><p><br /></p><p><b>Key Distinction</b></p><ul> <li>FRNs: A promise to pay gold or other money; served general circulation.</li> <li>GCs: A receipt for gold deposited in the Treasury; served primarily for large commercial/bank transactions, though smaller denominations existed. </li> </ul><p><br /></p><p><b>End of Gold Redemption:</b></p><ul> <li>All gold redemption promises, including on 1928 notes, ceased after the Emergency Banking Act of 1933 and the Gold Reserve Act of 1933 making these notes historical artifacts of the gold standard era.</li> </ul><p>_____________________</p><p><br /></p><p>My 1 quibble above is that on <b>the 1928 FRNs it says the SNs were in gold.</b>..I&#039;m not seeing that, if anybody else can show me this isn&#039;t an AI/internet mistake, let me know.</p><p><br /></p><p>In the sister thread, the SNs appear black.[/QUOTE]</p><p><br /></p>

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