Hotel Harvey 1929 - Gold Bond

Beautifully engraved uncancelled Gold Bond Certificate from the Hotel Harvey issued on September 1, 1929. This historic document was printed by the Columbian Banknote Company and has an ornate border around it with a vignette of an allegorical woman with a hotel understruction in the background. This item is hand signed by the Company’s President, Louis Harvey and Secretary and is over 79 years old. 15 coupons attached.


Certificate Vignette



Gold Bonds

Many times Bonds were Payable in Gold or Gold Coin to give the impression that they were a more secure investment. In reality, they were not more secure since there wasn't any gold set aside as collateral for these bonds.

On April 5, 1933, President Franklin D. Roosevelt signed Presidential Executive Order 6102 which invoked his authority to make it unlawful to own or hold gold coins, gold bullion, or gold certificates. The export of Gold for purposes of payment was also outlawed, except under license from the Treasury.

On January 30, 1934, the Gold Reserve Act became law which made the ownership of gold illegal except for coins of numismatic value. As a result of this law, Bonds were no longer allowed to be Payable in Gold.