one of my relative has dig a antique $100,000 1934 gold certificate...how can we redeem?and to whom?

Question

we verify that the gold certificate is real via LAND BANK philippines...according to the bank they can't afford the worth of the said certificate but they confirmed that the gold certificate is real...i am willing to cooperate to anyone who are interested...thank you!

Answer 1

Someday I'm going to get tired of answering this question. This comes up an Yahoo Answers about once a month, invariably from someone in the Philippines.

The only $100,000 bill ever printed by the US is the Series 1934 Gold Certificate, which was only intended for transactions between banks, and is illegal for private citizens to own. It has a portrait of Woodrow Wilson on it, and is signed by Morgenthau as secretary of the treasury.

Here is a link to the Bureau of Engraving and Printing web site showing a photo of the US $100,000:

http://www.moneyfactory.gov/document.cfm/5/42/1359

A very limited number of these were printed, and all of them are accounted for. There is no possibility that one would turn up in the Philippines, let alone several. Since they are illegal to own, I would not be interested in one at any price.