In the world of currency collecting, certain $20 bills from the 1920s are highly sought after for their rarity, historical value, and unique design features. While many bills from this era are worth only face value, a few rare specimens have become incredibly valuable due to their scarcity, unique errors, or specific printing characteristics.
Here, we’ll explore seven of these rare $20 bills that are especially desirable for collectors and have commanded impressive prices at auctions.
1. 1928 Gold Certificate $20 Bill
The 1928 Gold Certificate $20 bill is notable for its bright golden color and unique printing, marking it as a highly collectible item. These bills were issued before the U.S. abandoned the gold standard, allowing holders to exchange them for gold. The rarity and historical significance make this bill one of the most valuable from the 1920s.
2. 1929 Federal Reserve Bank Note
This $20 bill from the 1929 series features the unique design of a Federal Reserve Bank Note and is easily recognizable by its smaller size compared to other notes from the era. Issued by individual Federal Reserve Banks, the limited issuance and distinctive design make these notes a desirable collector’s item.
3. 1928 $20 Bill with Star Serial Number
Star notes are replacement bills issued when errors occur during the printing process, and they have a star symbol in the serial number. The 1928 $20 star notes are exceptionally rare, and their limited release makes them highly sought after, often fetching higher prices than their standard counterparts.
4. 1928A $20 Federal Reserve Note
The 1928A $20 bill was the first Federal Reserve Note printed after the transition from gold certificates, making it historically significant. While many were printed, notes in pristine condition are rare, and high-grade examples can be valuable, especially those with unique serial numbers.
5. 1929 National Bank Note
Issued by individual banks under the National Bank Act, the 1929 National Bank Notes feature the bank’s name and charter number, creating a unique collectible. The 1929 $20 National Bank Note is a rare find, particularly from small or lesser-known banks, which can significantly increase its value.
6. 1928 $20 Silver Certificate
The 1928 Silver Certificate is another valuable note due to its unique backstory. Unlike standard $20 bills, these were backed by silver and could be exchanged for silver upon request. This feature, combined with its historical appeal, makes the 1928 Silver Certificate a prized addition to collections.
7. 1929 $20 Bill with Low Serial Number
Low serial numbers, especially those starting with multiple zeroes, are highly desirable among collectors. A 1929 $20 bill with a low serial number, such as “000001,” holds increased value due to its rarity and distinctiveness, often selling for a premium at auction.
| Year Issued | Type | Key Feature | Approximate Value | Unique Aspect |
|---|---|---|---|---|
| 1928 | Gold Certificate | Bright golden color | $2,000+ | Gold-backed, exchangeable for gold |
| 1929 | Federal Reserve Bank | Smaller size | $1,500+ | Issued by individual banks |
| 1928 | Star Serial Number | Star symbol in serial | $3,000+ | Replacement note |
| 1928A | Federal Reserve Note | Transition from gold | $1,800+ | Early Federal Reserve issuance |
| 1929 | National Bank Note | Bank name, charter | $2,500+ | Unique to issuing bank |
| 1928 | Silver Certificate | Backed by silver | $4,000+ | Exchangable for silver |
| 1929 | Low Serial Number | Low starting number | $5,000+ | Increased rarity |
These $20 bills from the 1920s are not only pieces of currency but also relics of American history. Collectors treasure them for their unique designs, limited quantities, and historical contexts.
For those interested in collecting rare U.S. currency, these bills offer a glimpse into an era when paper money held both monetary and precious metal value. Adding one of these rare $20 bills to a collection can be a valuable investment that appreciates over time.
FAQs
What makes 1920s $20 bills valuable?
1920s $20 bills are valuable due to their rarity, unique designs, and historical significance. Certain errors, serial numbers, and limited issuance increase their worth.
Are 1928 $20 bills still in circulation?
No, most 1928 $20 bills are no longer in circulation. Collectors typically acquire them through auctions or specialized dealers.
How can I verify the authenticity of a rare 1920s $20 bill?
Authentication can be done through reputable grading services like PCGS Currency or PMG, which assess the note’s condition and verify its authenticity.
Why are star notes more valuable?
Star notes are replacement notes issued due to printing errors, making them rarer than regular notes, which adds to their value.
Is a low serial number always valuable?
Yes, a low serial number, especially one with multiple zeroes, is considered rare and desirable among collectors, often adding significant value to the bill.
