&sq=Facebook&lang=en&file=File:Wiki_letter_w.svg){kind=small} | This article is missing information about 1953-53 monetization mentioned at 2011 United States debt-ceiling crisis#Monetizing gold. (May 2023) |
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Gold certificates were issued by the United States Treasury as a form of representative money from 1865 to 1933. While the United States observed a gold standard, the certificates offered a more convenient way to pay in gold than the use of coins. General public ownership of gold certificates was outlawed in 1933 and since then they have been available only to the Federal Reserve Banks, with book-entry certificates replacing the paper form.