1928 $20 Gold Certificate Fr#2402 PMG Very Fine 25

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The 1928 $20 Gold Certificate was the first small-size gold-backed note issued by the United States. Redeemable in gold coin at the time of issue, these notes directly tied paper money to the nation’s bullion reserves. In 1933, President Franklin D. Roosevelt’s gold recall order ended the redemption privilege, and most examples were withdrawn and destroyed, making survivors highly collectible today.

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CVC & Collectables presents the 1928 $20 Gold Certificate, cataloged as Friedberg #2402. This small-size issue marked the first year of reduced U.S. currency dimensions, replacing the earlier large-size designs. Featuring a bold portrait of President Andrew Jackson on the obverse and a vibrant gold Treasury seal, this note symbolizes America’s last circulating gold-backed paper money. Certified PMG Very Fine 25, it balances solid preservation with historical appeal.

Note Highlights:

  • Issuing Authority: United States Treasury
  • Series: 1928
  • Denomination: $20 Gold Certificate
  • Catalog Reference: Friedberg #2402
  • Grade: PMG Very Fine 25
  • Obverse Design: Portrait of Andrew Jackson at center; bright gold seal and serial numbers; text “This certificate is a legal tender in the amount thereof in payment of all debts and dues, public and private.”
  • Reverse Design: Bold green design featuring the White House surrounded by ornate scrollwork
  • Paper Type: Gold Certificate (redeemable in gold coin until 1933)

Collectibility:

Fr. 2402 is one of the more accessible gold certificates, offering both affordability and strong collector demand. A PMG VF25 provides clear detail, intact color, and certified authenticity without the premium of higher-grade examples. This note represents an important transitional moment in U.S. currency history and is a staple in advanced collections.

Discover a wide selection of U.S. currency at Chula Vista Coins & Collectables. From historic banknotes to rare collectible bills, our product category for U.S. currency offers a treasure trove for numismatists and history enthusiasts. Explore the rich heritage and intricate designs of American money here: Chula Vista Coins & Collectables – U.S. Currency

U.S. Currency Type

Gold Certificate

Year

1928

Grade

PMG

Condition

Very Fine – 25

Denominations

$20

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