The United States Treasury rolled out modern Federal Reserve Notes in two major series in 1914 and 1918. While the 1918 Series featured denominations no longer in use today, the 1914 Series featured denominations that are still in production today and widely used by Americans in everyday commercial transactions. However, these original notes have greater collectible value in many cases than the assigned face value of the day. Now, Very Fine 1914 $20 Federal Reserve Notes are available to you for purchase online at Silver.com.
Note Highlights:
- Notes ship to you inside individual currency sleeves!
- First-ever issue of the $20 Federal Reserve Note!
- Original design from the $20 is no longer in use!
- Issued a face value of $20 (USD) by the United States.
- The obverse features President Grover Cleveland.
- On the reverse side is a depiction of a ship, locomotive, and airplane.
- Notes come in Very Fine conditions.
- Please keep in mind you could see a slight variation in note condition when buying more than one.
Federal Reserve Notes were originally printed in larger formats than currently used on the modern Federal Reserve Notes. Due to the larger size, the notes were often referred to as horse blankets. Each Federal Reserve Note comes with the signature of the Treasurer of the United States and the Secretary of the Treasury.
When the Federal Reserve Notes debuted in the US, there were at least five forms of paper currency in circulation. Silver Certificates, Gold Certificates, United States Notes, National Bank Notes, and the Federal Reserve Bank Note, also issued in 1914, were all in production and circulation. An important note, Federal Reserve Notes are backed collectively by all 12 branches of the Federal Reserve, while Federal Reserve Bank Notes are backed only by the issuing bank noted on the bill.
The obverse of these 1914 $20 Federal Reserve Notes features an effigy of President Grover Cleveland. He holds a title that no other President of the United States has ever held, that being two different numeric titles as 22nd and 24th President of the United States. He served two non-consecutive terms from 1855-1889 and 1893 to 1897.
On the reverse of 1914 $20 Federal Reserve Notes is a depiction of a steam locomotive on the left, an airplane flying above it, and a coal-powered cruising vessel on the right. This design was commonly known as “Land, Air, and Sea.”
These 1914 $20 Federal Reserve Notes are available with plastic currency sleeves and come in Very Fine condition. This can refer to notes with moderate signs of circulation, mild soiling, and numerous folds up to those notes with only light signs of circulation, light soiling, and seven to 10 folds only. All of the notes are free of major detracting flaws. Please note that buying several can result in slight variations between the Very Fine condition of each note. Overall, the notes all fall within the acceptable grading range for Very Fine.
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