Posted 16 months, 3 days ago
gpratomo
(1 item)
I have the items from my grandfather collection. I need to identify the items are genuine or fake.
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 | 100 thousand bill | US Paper Money1 of 1 |
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I have the items as legacy from my grandfather. I need help to identify genuine or not for the items because I amateur for the money collection
What is the series date? The signatures were Julian and Morgenthau. There were 42,000 printed. From what I can see it looks to be authentic, but, you may have a problem if the series date ain't the correct one. Gene B.
$100,000 certificates were only for use by banks. Most were destroyed when they stopped using them, and only a few are left, all of which are accounted for. It is illegal for a private citizen to own one. Sorry to say this isn't authentic.
It is a nice looking piece. http://www.darkcreek.com/united_states_currency/united_states_one_hundred_thousand_dollar_bill/index.html
The gold certificate may be authentic only that it is illegally possessed by a private individual, so, what should that individual do if he has those 100,000 gold certificates
The gold certificate note, which bears President Woodrow Wilson's portrait, was used only for official transactions between Federal Reserve Banks. It was not circulated among the general public and cannot be legally held by currency note collectors.
Read more: http://lunaticg.blogspot.com/2010/08/us-100000-dollars-bill.html#ixzz1OgSdM4NK
Ditto.
http://people.ku.edu/~kaf/pmoney/gc.htm
If this 100, 000 gold certificate is authentic, is it worth anything? Also, if this is illegal for individual to possess what is the best way to dispose it.
Heck just take it to the Bank and deposit it , then if it is not real they want let you.
Marikit ... To finish Wingletts advice ...
If it is not real and you try to deposit it, the worst that could happen is a Federal Prison Term for trying to pass counterfeit money.
If if is real? If it is real then it is worth at least the face value. What to do with it, take it to a Federal Reserve Bank and ask them. If it is real, be ready to answer a lot of questions. It if is not real ... were are back to the jail time.
Odd that the original poster had several things with which he wanted help, but only posted this. ???
$100,000 bills exist, but were not publicly issued, and were used ONLY for intra-government transactions. They are printed in orange on the reverse, and are illegal to own. All known pieces are in government museums.
Only a few are known to have survived. They are housed at the Federal Reserve Bank of San Francisco, the Bureau of Engraving and Printing, and the Smithsonian Institute.
It's illegal for a private person to own one of these notes, and none has ever been in private hands. All 42,000 were accounted for.
So there you have it. For one it's a "Gold certificate (Bank note)" not a thousand dollar bill, and was never ever used for private use. All were accounted for, so that should close this subject.
The government may have lied to cover up a loss.
Ha ha okay
Let's put it this way then....A person has an item that was illegal to own privately, they then try to sell said item..What would the government do? Easy, seize it, by law it's their right to take what only belonged to them.
gpratomo, email me at netreasureauctions@yahoo.com