Gold certificate
The gold certificate was used for a period of time in United States history as a form of paper currency. The certificate was matched to the same amount of value in gold coinage; for example: fifty gold dollars = one fifty dollar gold certificate.
Michael Hillegas, the first Treasurer of the United States appeared on the 1907-1922 certificate.
The gold certificate was replaced by silver certificate when the United States government balanced its currency against the silver standard instead of the gold standard.
Categories: Economics and finance stubs