Value of 1882 $20 Gold Certificates
Description: The twenty dollar denomination 1882 gold certificates are some of my personal favorite gold certificate ever issued. These notes can be rare depending upon the condition, serial number, and signature combination. If you’re unsure how to distinguish between a rare and common type, contact us today and we’ll assist you.
These notes will always have James Garfield located on the right side of every banknote. The $20 is particularly appealing to collectors because of the vibrant white paper and gold ink. The red scalloped seal to the left of James can be either dull or bright red depending on factors such as storage environment and conditions.
What makes gold certificates so attractive is the story they have. Back in the late 1800s and early 1900s you could bring this bill to a local bank and trade it in for an equal value of gold. The ability to trade a piece of paper for a gold coin had a lot of appeal to many people during the time. A lot of these bills were redeemed and destroyed, making some types very difficult to get your hands on.
Value: The value of most $20 gold certificates is based upon condition and serial number. Signature combinations and seal types are crucial when determining value. One 1882 $20 gold bill may be worth $300 while another bill looking nearly identical could be worth $40,000. Circulated examples that are common will likely bring a few hundred dollars.
If you’re looking to sell your paper money please make sure it’s with a paper money expert, even if we aren’t your first choice. Avoid local coin shops as they will likely try and pay you too little for your collection. If you want to talk to us about it, or are interested in selling your bills, please contact us today.