An Effective Way to Own Gold

Gold Certificates


An Effective Way to Own Gold

It has long been possible to invest in bullion without actually taking physical delivery, or deferring delivery for later on.

Gold Certificates is a very versatile way for owning gold, both from the point of view of investing as well as important historically. Dating back to the 17th century, gold certificates were issued by goldsmiths in London and Amsterdam to customers depositing gold bullion into their safe-keeping. In time, the certificates were used like cash payments, avoiding the hassle of having to move the gold bullion itself.

In the mid-19th century, the US Treasury began to issue gold certificates that could be exchanged for gold. The U.S. Treasury issued gold certificates for public circulation denominated in dollars  between 1863 and 1933.

500 cent

Series 1869

$500 Legal tender note with a vignette of

Justice and John Quincy Adams.


These certificates were used primarily by banks for interbank transfers.

These gold certificates circulated as money until 1933, when the US government banned private gold ownership.

Gold Certificates were the prototypes of paper currency. Holders could exchange their gold certificates for an equal amount of gold.


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