1928 20 Gold Cert Worth

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A 1928 $20 Gold Certificate is a banknote issued by the United States Treasury as a form of currency. It was printed between 1928 and 1933 and features a portrait of President Grover Cleveland on the front and a vignette of an eagle clutching arrows and an olive branch on the back.




The value of a 1928 $20 Gold Certificate can vary depending on its condition and rarity, but on average, it can be worth anywhere from $50 to $100. Factors that can affect its value include the condition of the banknote, its serial number, and any unique markings or features.

This particular banknote is valuable due to its significance in American history and its scarcity. The 1928 $20 Gold Certificate was the last series of gold certificates issued before the U.S. moved away from the gold standard. It is also different from other banknotes as it is backed by gold, meaning it could be exchanged for gold at the time it was issued.

You can purchase a 1928 $20 Gold Certificate from reputable coin and currency dealers, auctions, or online marketplaces. It is essential to ensure that the seller is trustworthy and offers authentic banknotes.

To determine the authenticity of a 1928 $20 Gold Certificate, there are several key features to look for. These include the correct year of issue, the portrait of President Cleveland, the eagle vignette, and the paper quality. It is also essential to check the serial number, as some variations can be more valuable than others.

There are various types of 1928 $20 Gold Certificates, including those with a blue or red seal, a star note, and a low serial number. These differences can affect the value of the banknote. Additionally, there are rare variations, such as those with the words “Redemption in Gold” on the back, which can be more valuable to collectors.

Key Takeaways:


  • A 1928 $20 Gold Certificate is a banknote issued by the United States Treasury with a face value of $20 and backed by gold.
  • The value of a 1928 $20 Gold Certificate depends on factors such as condition, rarity, and demand.
  • Its value is influenced by its historical significance and unique features, making it a valuable collectible item.


What is a 1928 $20 Gold Certificate?

A 1928 $20 Gold Certificate is a type of currency issued by the United States government. It showcases a portrait of President Grover Cleveland and is backed by gold reserves. Originally, these certificates were used to facilitate transactions between banks, but they were eventually phased out. Today, they are highly sought-after collectibles and can hold a value higher than their face value.

The worth of a 1928 $20 Gold Certificate is determined by factors such as its condition, rarity, and demand from collectors. For an accurate appraisal of your certificate’s value, it is recommended to consult with a reputable currency dealer or collector.




How Much is a 1928 $20 Gold Certificate Worth?

To determine the value of a 1928 $20 gold certificate, you can follow these steps:

  1. Research: Conduct thorough research on the current market value of 1928 $20 gold certificates.
  2. Condition: Assess the condition of the certificate, as a pristine condition tends to have a higher value.
  3. Rarity: Consider the rarity of the specific certificate, as some variations command higher prices.
  4. Authentication: Verify the authenticity of the certificate with a reputable appraiser or grading service.
  5. Demand: Determine the demand for the certificate among collectors, as this can affect its value.
  6. Comparative analysis: Compare prices of similar certificates recently sold to gauge the current market value.

What Factors Affect the Value of a 1928 $20 Gold Certificate?

Factors that affect the value of a 1928 $20 Gold Certificate include rarity, condition, and demand. Rarity is determined by the number of surviving certificates. The better the condition, the higher the value. Demand is driven by collector interest and historical significance, as well as rare variations such as star notes or low serial numbers. Furthermore, historical events, economic conditions, and market trends can also play a role in determining the overall value of these certificates.

It is recommended to seek guidance from experts or reputable dealers in order to accurately assess the value of a specific 1928 $20 Gold Certificate.

Why is a 1928 $20 Gold Certificate Valuable?

There are several reasons why a 1928 $20 Gold Certificate holds significant value. Firstly, it serves as a tangible piece of history, representing a crucial time in the United States. Additionally, the limited availability of these certificates adds to their worth. Furthermore, the gold content of the certificate itself contributes to its value, as gold is a precious metal with intrinsic worth. Lastly, the collectible nature of the certificate among numismatists and collectors drives up its value in the market. Overall, the combination of historical significance, limited availability, gold content, and collectibility makes a 1928 $20 Gold Certificate a valuable item for many individuals.

In 1928, the $20 Gold Certificate was issued as part of the Gold Standard Act, which aimed to stabilize the US economy. These certificates were redeemable for gold coins, representing the underlying value of the currency. However, the Gold Standard Act was repealed during the Great Depression, and the possession of gold was prohibited. Since then, these certificates have become highly sought after by collectors and are valued as historical artifacts that reflect the economic and political landscape of the time.

What Makes a 1928 $20 Gold Certificate Different from Other Banknotes?

The 1928 $20 Gold Certificate stands out from other banknotes due to its unique feature of being backed by gold. While other banknotes could only be exchanged for silver or other forms of currency, this certificate could be redeemed for its equivalent value in gold. This made it a highly valuable and sought-after form of currency, especially during times of economic uncertainty. The gold backing provided a sense of security and stability, setting it apart from other banknotes of its time.

Where Can You Buy a 1928 $20 Gold Certificate?

When searching for a 1928 $20 Gold Certificate, there are various options available. Here are some places where you can purchase them:

  1. Online Auctions: Websites like eBay and Heritage Auctions often have listings for 1928 $20 Gold Certificates.
  2. Coin and Currency Dealers: Local coin shops or currency dealers may have these certificates in their inventory.
  3. Collectible Shows: Attending numismatic shows or conventions can provide opportunities to find and buy these certificates.
  4. Online Marketplaces: Online platforms like Etsy or Craigslist might have listings for 1928 $20 Gold Certificates from individual sellers.

Just make sure to research sellers and verify the authenticity before making any purchase.

Are There Any Trusted Online Sellers of 1928 $20 Gold Certificates?

If you are looking to purchase 1928 $20 Gold Certificates, there are several trusted online sellers available. Popular websites such as eBay and Heritage Auctions offer a wide selection of collectible banknotes, including the 1928 $20 Gold Certificate. These platforms have reputable sellers with established track records, ensuring a secure and reliable buying experience. When making an online purchase, it is important to thoroughly research the seller’s ratings and reviews to ensure their credibility. It is also recommended to purchase from dealers who offer authentication guarantees and return policies. Always exercise caution and diligence when making online purchases. A helpful tip is to look for sellers with a long history of positive reviews and to verify the authenticity of the banknote before finalizing the purchase.

How Can You Determine the Authenticity of a 1928 $20 Gold Certificate?

Determining the legitimacy of a 1928 $20 Gold Certificate requires careful examination and research. Follow these steps to ensure its authenticity:

  1. Inspect the quality of the paper, as genuine certificates are printed on high-quality paper.
  2. Check for security features, such as watermarks, security threads, or microprinting.
  3. Examine the serial number and seal for consistency and clarity.
  4. Compare the design and details with known authentic certificates, looking for any discrepancies.
  5. Research the history and background of the certificate to verify its existence and issuance.

Remember, it’s always recommended to consult with experts or professional appraisers to accurately assess the authenticity of a 1928 $20 Gold Certificate.




What are the Key Features to Look for in an Authentic 1928 $20 Gold Certificate?

When determining the authenticity of a 1928 $20 Gold Certificate, there are several key features to look for. These include:

  1. Paper Quality: Genuine certificates are printed on high-quality paper with a unique texture and strong durability.
  2. Engraving: Pay close attention to the intricate and precise engravings, including the portrait and detailed border designs.
  3. Serial Numbers: Each certificate has a distinct serial number, usually printed twice on both the front and back for added security.
  4. Signatures: Authentic certificates will have the signatures of the Treasurer of the United States and the Register of the Treasury.
  5. Watermark: Hold the certificate up to the light to reveal the watermark, which should match the figure on the front.
  6. Red Seal: Genuine certificates will have a noticeable red seal on the left side, ensuring their validity.

From the basic to the rare, there’s a 1928 $20 Gold Certificate for every collector’s budget.

What are the Different Types of 1928 $20 Gold Certificates?

There are three different types of 1928 $20 gold certificates: the 1928, 1928A, and 1928B series. Each series has minor design differences, specifically in the seal and serial number location. The 1928 series features the seal on the left side and the serial number on the right, while the 1928A series has the seal on the right and the serial number on the left. The 1928B series, on the other hand, has the seal and serial number centered, making each series unique and highly sought after by collectors.

If you’re interested in collecting 1928 $20 gold certificates, be sure to keep an eye out for these different series. They can be a valuable addition to any collection and offer a glimpse into the history of American currency.

Are There Any Rare or Unique Variations of the 1928 $20 Gold Certificate?

Yes, there are indeed rare and unique variations of the 1928 $20 Gold Certificate. One notable example is the 1928 $20 Gold Certificate with a star note. Star notes were used to replace damaged or misprinted banknotes, making them highly sought after by collectors due to their scarcity. Another valuable variation is the 1928 $20 Gold Certificate with a low serial number, as banknotes with lower serial numbers are considered more valuable due to their limited availability. These exceptional variations of the 1928 $20 Gold Certificate can fetch higher prices in the collector’s market.

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Frequently Asked Questions

How much is a 1928 $20 gold certificate worth?

The value of a 1928 $20 gold certificate can vary greatly depending on several important factors such as condition, signature combination, and district seal. In general, the range of values for these small size notes can be anywhere from $70 to $2500.


What are lettered seals and how do they affect the value of a 1928 $20 gold certificate?

Lettered seals are a distinguishing feature on 1928 $20 gold certificates, where the district seal on the front left is represented by a letter instead of a number. These seals are more common and less collectible, so notes with lettered seals may have a lower value than those with numbered district seals.


What is a prized addition to a collection of 1928 $20 gold certificates?

A prized addition to a collection of 1928 $20 gold certificates would be one with a rare serial number or a signature combination from a specific district. These factors can greatly affect the value of the note and make it more valuable to collectors.


How much is a 1928 $20 federal reserve note worth?

The value of a 1928 $20 federal reserve note is similar to that of a gold certificate, ranging from face value to $400. However, notes with rare signature combinations or from specific districts may be worth more. Star or replacement notes can also increase the value of these notes.


Why were 1928 $20 gold certificates and federal reserve notes significant pieces of currency history?

1928 $20 gold certificates and federal reserve notes were the first small-size notes to be issued, making them highly collectible. They were also the smallest bill denomination printed for gold certificates and were still relatively common to see in collections today.


What was the purpose of the Gold Reserve Act and how did it affect the value of 1928 $20 gold certificates?

The Gold Reserve Act, signed by President Franklin Roosevelt in 1934, effectively ended the practice of exchanging gold for paper currency. This greatly impacted the value of 1928 $20 gold certificates as they could no longer be redeemed for gold on demand.



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