100,000 Dollars, Gold Certificate, United States, 1934

100,000 Dollars, Gold Certificate, United States, 1934

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Description (Brief)
One (1) 100,000 dollar note
United States, 1934
Obverse Image: Portrait of Woodrow Wilson.
Obverse Text: 100,000 / THIS IS TO CERTIFY THAT THERE IS ON DEPOSIT IN THE TREASURY OF THE UNITED STATES OF AMERICA ONE HUNDRED THOUSAND DOLLARS IN GOLD PAYABLE TO BEARER ON DEMAND AS AUTHORIZED BY LAW / GOLD CERTIFICATE / THIS CERTIFICATE IS LEGAL TENDER IN THE AMOUNT THEREOF IN PAYMENT OF ALL DEBTS AND DUES PUBLIC AND PRIVATE / WASHINGTON, D.C. / SERIES OF 1934 / A00020109A / WILSON
Reverse Image: Decorative border in orange ink. Rays radiating from the center.
Reverse Text: 100,000 / THE UNITED STATES OF AMERICA / ONE HUNDRED THOUSAND DOLLARS
Description
The $100,000 bill is the highest denomination ever issued by the U.S. Federal Government. Printed in 1934, it was not intended for general use, but instead was used as an accounting device between branches of the Federal Reserve. It is illegal for a private individual to own this banknote.
Location
Currently not on view
Object Name
gold certificate
date made
1934
depicted
Wilson, Woodrow
issuing authority
Bureau of Engraving and Printing
place made
United States
Associated Place
United States
Physical Description
paper (overall material)
Measurements
overall: 15.7 cm x 6.6 cm x.01 cm; 6 3/16 in x 2 19/32 in x in
ID Number
NU.78.5.807
accession number
1978.0941
catalog number
78.5.807
serial number
A00020109A
Credit Line
U. S. Department of the Treasury
See more items in
Work and Industry: National Numismatic Collection
Coins, Currency and Medals
Gold Certificates
Data Source
National Museum of American History
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Comments

I possess several of these 1934 Gold Certificate Banknotes presented to me personally by former Heads of State and Sultanates. I would like to know the specific legal statute that states I cannot own or sell them. It is my understanding that the 1974 Executive Order issued by President Gerald Ford released the restriction of owning, trading or selling of all gold certificate banknotes issued by the US Bureau of Engraving. Can I sell these publicly or must I redeem the face value from the US Treasury?
Possession of those particular bills isn't the same as other gold certificates, these were never meant to be outside of the federal reserve system. There was a loss when many were accidentally tossed out a window inside a file cabinet when a fire occurred at the Treasury Building some years back, many of these bills vanished and collectors have them, but the Treasury will seize any that turn up, I promise you that.
The National Numismatic Collection is not able to provide authentication or advice on the sale of numismatic objects.
What happened to the other notes in the series? Are they exchangeable for Gold?
"I would love to see this bill on my visit to the Smithsonian. So, it would be nice for this to be viewable to the general public. When is this going to be open to the public?"
"A new exhibit, "The Value of Money, " will open in July 2015 and will display one of these notes."
Hi are these notes still illegal to own and were they used in the sixties in trade for gold bullion? cheers Nick

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