1914 $20 Federal Reserve Note Value Guide

The 1914 $20 Federal Reserve Note is a premier example of 'horse blanket' currency, so named for its large physical dimensions compared to modern bills. This specific Series of 1914 issue from the Kansas City district represents the inaugural era of Federal Reserve Notes following the landmark Federal Reserve Act of 1913.

What affects the value of 1914 $20 Federal Reserve Note?

• Paper crispness and the absence of heavy folds or 'pinholes' significantly impact the $140-$155 price range.
• The clarity of the blue ink used for the seal and serial numbers, which can fade over time.
• The presence of any ink stains, tears, or edge fraying common in circulated cotton and linen paper notes.
• The specific demand for the Kansas City (10-J) district among regional currency collectors.

How to Identify 1914 $20 Federal Reserve Note?

• Verify the presence of the blue Treasury seal and matching blue serial numbers.
• Look for the '10-J' designation on the left side, which identifies the Federal Reserve Bank of Kansas City.
• Confirm the portrait of Grover Cleveland on the obverse and the transportation-themed vignette on the reverse.
• Ensure the note measures approximately 7.375 by 3.125 inches, significantly larger than contemporary US currency.

History of 1914 $20 Federal Reserve Note

Part of the Series of 1914, these were the first Federal Reserve Notes ever issued following the Federal Reserve Act of 1913. Known as horse blankets due to their large size compared to modern currency, this specific note bears the blue seal and was issued from the Kansas City district, denoted by the 10-J marking.