Yes, a very significant penalty. Like the more famous 1933 double eagle coin, private ownership of these bills is illegal. They were printed for transferring large amounts of cash between government departments and were never put into general circulation.
~4.6 million dollars if converted to gold in 1934 and sold at today's gold price. 4654830.1329394387$ = (100,000$ / 33.85$ (1934 gold price)) = 2954.20974 oz * 1575.73$ (current gold price 17 may 2012) citation http://www.nma.org/pdf/gold/his_gold_prices.pdf http://www.goldprice.org/
It's probably worth a couple of dollars in a novelty shop because it's a copy. $100,000 gold certificates are illegal to own privately. They were only used for transferring large quantities of money within the government, back in the days before electronic funds transfer. None were ever put into circulation. How about this: The $100,000 Gold Certificate is the highest denomination ever printed for all Federal paper money in the United States. The notes were dated Series of 1934 and a total of 42,000 units were printed. Source: US Treasury
Bla bla bla? $$
Executive Order 9066.
They were used in early 1934 to late 1935 to transfer money from bank to bank, and were never publicly circulated.
Felony.
$0. All have been redeemed. All the others are illegal to own.
it would be illegal to own one. If you have something that appears to be a Wilson gold certificate it's a copy.For a contrary opinion see the discussion pages.
100000 + 20% = 100000 + (20/100)(100000) = 100000 + (.2)(100000) = 100000 + 20000 = 120,000
100000 + 100000 = 200000
3% of 100000 = 3000 3% of 100000 = 3% * 100000 = 3%/100% * 100000 = 0.03 * 100000 = 3000
20% of 100000= 20% * 100000= 0.2 * 100000= 20,000
100000
100000-63482=36517
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They are illegal to own. $100,000 gold certificates were never put into circulation and are extremely rare. There are many replicas and fakes, however.
one fifth of 100000 = 1/5 x 100000= 100000 ÷ 5= 50000