1914 Twenty Dollar Federal Reserve Note Value Guide

The Series of 1914 Twenty Dollar Federal Reserve Note is a premier example of 'Horseblanket' currency, so named for its expansive physical dimensions. As the first small-head notes issued by the Federal Reserve System, these New York '2-B' district notes represent a pivotal shift in American monetary history.

What affects the value of 1914 Twenty Dollar Federal Reserve Note?

• Paper quality and crispness, as these notes were composed of a durable paper, linen, and cotton blend.
• The presence of any folds, tears, or ink stains which can lower the value from the $110-$120 range.
• Visual clarity of the blue or red seals and serial numbers against the aged paper background.
• The specific Federal Reserve District seal, with New York '2-B' examples being highly documented.

How to Identify 1914 Twenty Dollar Federal Reserve Note?

• Verify the presence of President Grover Cleveland's portrait in the center of the note.
• Locate the specific '2-B' seal and district letter indicating issuance by the Federal Reserve Bank of New York.
• Check for the large-size physical dimensions, which are significantly larger than modern US paper currency.
• Confirm the 'Series of 1914' designation printed on the face of the bill.

History of 1914 Twenty Dollar Federal Reserve Note

The Series of 1914 Federal Reserve Notes were the first small-head notes issued by the Federal Reserve System. They are known as 'Horseblankets' because of their large physical dimensions compared to modern currency. This specific note was issued by the Federal Reserve Bank of New York, denoted by the '2-B' seal and district letter.