If I may...a quick Q on old $20 bill...

RTS

A friend of mine received the pictured $20 bill in change and asked me if it was worth anything more than $20...I tend to think not...any comments...thank you.

Cladiator

Try posting here and you'll probably get good replies.

RTS

Great - thank you very much - I posted on the Currency Forum as you suggested.

partagas

To think before FDR wrecked this countries monetary system you could of had a double eagle for that note.

Today you have $20 dollars in purchasing power or $918 of gold. Gee which would you rather have?

GoldenEyeNumismatics

<< <i>To think before FDR wrecked this countries monetary system you could of had a double eagle for that note.

Today you have $20 dollars in purchasing power or $918 of gold. Gee which would you rather have? >>



It's a Federal Reserve Note, not a gold certificate.

partagas

Hence the "Before", in my statement. The bills just before the change where redeemable for $20 in gold!

jmj3esq

I wil ive him $21.00 for it.

DaveG

You're thinking of the Series 1928 FRNs, which were redeemable in gold.

The Series 1934 FRNs were issued starting in late 1934, so they were a year or more too late for redemption in gold.

Friedberg doesn't show a starting date for the issuance of Series 1934A $20 FRNs, but they could have begun in the late 1930s.

In any event, I know coin dealers who either give out circulated Series 1934 FRNs in change or else deposit them in the bank or spend them.

ambro51

An intersting poll


what do you get in change (transactions) more often

A. 1804 Dollar

B. 1894 S Dime

C. Old style $20 bill

...............really have to think about that one, eh?

partagas

1928: Switched to a small-sized note with a portrait of Andrew Jackson on the face and the south view of the White House on the reverse. The banknote is redeemable in gold or silver (at the bearer's discretion) at any Federal Reserve Bank.

1934: The obligation is changed. The bill is no longer redeemable in gold, but rather in "lawful currency". This is due to the U.S. being taken off of the gold standard. "Lawful currency" in this case means silver.

Yes you are correct. I am refering to the 1928 notes, the ones issued prior to the removal of the gold standard, enacted by FDR. It really doesn't matter, the point is we all suffer from that decision by paying $4 gas because or currency has devauled so much over time.

coindeuce

The '34A $20 FRN doesn't have any appreciable Greensheet bid unless it is superb gem CU. Spending money. Or maybe a good liar's poker note if playing for those stakes...

cmerlo1

A dealer friend of mine always told me: "If the seals and serials are green and it's circulated, spend it."

illini420

Whether it's worth a premium or not, if I found a 1934 $20 bill in my change I would definitely keep it. Just don't see that every day. Very cool!

droopyd

If you find old notes in your change, check them out very carefully.

The earlier notes are the ones mote likely to be counterfeited due to the anti-counterfeiting devices on the new notes.

A friend of mine recently received a 1934 counterfeit $20 note in change, and had to be interviewed by the Secret Service (he wasn't a suspect but they wanted to trace the bill).