1922 $10 Gold Certificate

Fr # 1173
Year 1922
Denomination $10.00
Series Gold Certificate
Serial # K31046258
Grade PMG 40 Exceptional Paper Quality
Comments Exceptional Paper Quality
PMG # 2307401-005
PMC Category Gold
Estimated Value $799.00
Description

The 1922 $10 Gold Certificate, often called the "Hillegas Note," is a large-size gold certificate issued by the U.S. Treasury and was the lowest denomination in the 1922 gold certificate series, originally redeemable in gold coin. Authorized on March 3, 1863, and first issued in 1865, Gold Certificates were originally used to settle gold accounts between banks and financial institutions. Despite nine issues, only four circulated publicly. These certificates, with their distinctive gold and orange backs, were issued in denominations ranging from $10 to $10,000, with a $100,000 note issued in 1934 exclusively for Federal Reserve Banks.

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