Gold Certificate
Candlefocus EditorThe gold certificates featured a yellow-toned face, with many notes having elaborate designs featuring portraits of American political figures and scenes of landmarks, such as the White House, the Lincoln Memorial and the Statue of Liberty. The denominations on the certificates varied from $5 up to $100 and included a statement that the bearer of the note was entitled to a stated amount of gold, payable in gold coin, upon presentation of the note. The notes were printed with the words "This certifies that there has been deposited in the Treasury of the United States of America XXX amount of gold coin ..." The gold standard was abandoned in 1933, shortly after the U. S. government discontinued issuing gold certificates to the public.
Today, gold certificates are typically issued as a kind of proof of ownership or collateral for gold investment accounts. Investors who own gold usually receive a gold certificate from the vault that holds the gold to demonstrate that the company holds the metal on their behalf. The certificate can also be used as evidence of ownership if the investor needs to redeem their gold holdings or take physical delivery. Though gold certificates still exist, their use as an investment vehicle has generally been supplanted by other means of gold investment, such as exchange-traded funds or shares of gold mining companies.
Gold certificates issued by the U. S. government in the late 19th and early 20th century are now highly sought after by collectors due to their historical value and the intricate designs on different denominations. Before 1933, gold certificates had always been publicly traded and widely accepted as a form of legal tender. The increasing rarity of the notes, along with their collectible value, makes them attractive to many numismatists and other investors.