Looking for some clarification $20 FRN

I came across this 1934 $20 FRN and scratched my head. The mystery to me was that it's a micro front plate and appears to be a macro reverse, making it a mule? But look at the B/P number (204), it's lower than the book states as higher than 318. To add to the scratching is the S/N, it's an L/B? The L/B's as I see are all mules?
Anyone with some insight on this note would be appreciated.


  • SmallSizedGuySmallSizedGuy Posts: 742 ✭✭✭

    It is a mule, and also the tougher late finished 204 variety. Micro back plates were numbered to around 317. 204 was started back when micro font was used, but was completed several years later. The BEP numbered it the larger font which was the norm when completed.

    Jim Hodgson

    Collector of US Small Size currency, Atlanta FRNs, and Georgia nationals since 1977. Researcher of small size US type - seeking serial number data for all FRN star notes, Series 1928 to 1934-D. Life member SPMC.

  • boimre1972boimre1972 Posts: 744 ✭✭✭

    Great find!

    Collecting small-size star notes.
    Mishawaka, IN
  • TookybanditTookybandit Posts: 3,276 ✭✭✭

    Super note!

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