The release of new Federal Reserve Bank Notes in 1929 marked just the third series of issues in this program and the last redesign of the notes prior to the end of the series. Introduced in 1915 and 1918 in different denomination sets, Federal Reserve Bank Notes were redesigned and reformatted in 1929, just five years before the program was halted. Now, 1929 $20 Federal Reserve Bank Notes are available to you for purchase online at Silver.com in Choice Uncirculated condition.
Note Highlights:
- Notes ship to you inside individual protective currency sleeves!
- First issue of redesigned and reformatted Federal Reserve Bank Notes!
- Issued a face value of $20 (USD) by the United States.
- President Andrew Jackson is featured on the obverse.
- The White House is depicted on the reverse of the notes.
- Serial numbers and US Treasury seal have brown ink.
- Please note that Federal Reserve Bank names may all match or vary on the notes if you buy more than one.
Federal Reserve Bank Notes were in production and circulation from 1915 to 1934. The notes were available to Americans at the same time that US Notes, Silver Certificates, Gold Certificates, National Bank Notes, and Federal Reserve Notes were all circulating in the United States. Initially, Federal Reserve Bank Notes were intended to replace the National Bank Note, but that vision did not come to fruition.
The Federal Reserve Bank Note was authorized with the Federal Reserve Act of 1913 that established the modern Federal Reserve as a central monetary authority for the nation. Along with the Federal Reserve Bank Note, the Federal Reserve Note was authorized in the Act. Today, only the Federal Reserve Note is still in production and circulation in the US.
President Andrew Jackson appears on the obverse of 1929 $20 Federal Reserve Bank Notes. This portrait of President Jackson had previously appeared on the obverse of the $10 Federal Reserve Bank Note and was moved to the $20 note to replace the image of President Grover Cleveland.
The White House in Washington D.C. is depicted in the reverse of 1929 $20 Federal Reserve Bank Notes. Previously, a vignette of various forms of transportation had appeared on the $20 note opposite of President Cleveland’s bust. The new images issued in 1929 on the $20 Federal Reserve Bank Note are still reflected today on Federal Reserve Notes, with modernizations made in 1996 and 2004 to enhance the security of the notes.
These 1929 $20 Federal Reserve Bank Notes are housed in protective plastic sleeves for shipping and come in Choice Uncirculated condition. Notes in this condition have minor issues with the centering of the images on one or both sides, but are free of major flaws and have no fold lines. Please note that the exact Federal Reserve Bank name on the obverse may vary. We cannot guarantee the bank name that will appear on any given note. Your notes could have matching or varied names here if you buy more than one. All notes will be Choice Uncirculated.
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