1934 $20 Federal Reserve Note Value Guide

The 1934 $20 Federal Reserve Note is a significant piece of Great Depression-era currency issued following major banking reforms. Featuring Andrew Jackson on the obverse, these small-size notes are highly collectible due to their historical context and the variety of district-specific markings available.

What affects the value of 1934 $20 Federal Reserve Note?

• Note condition and crispness, with uncirculated examples commanding the highest premiums over the $25-$40 base range.
• The presence of a 'star' symbol at the end of the serial number, indicating a replacement note.
• Specific district letters and series suffixes (A, B, C, or D) which can indicate relative scarcity.
• Unique or low serial numbers that appeal to specialized currency collectors.

How to Identify 1934 $20 Federal Reserve Note?

• Verify the 'Series of 1934' designation located to the right of Andrew Jackson's portrait.
• Check for the green Treasury seal and the specific Federal Reserve Bank letter in the black circular seal on the left.
• Look for the signatures of Julian and Morgenthau, which are standard for the base 1934 series.
• Examine the paper for the characteristic red and blue security fibers embedded in the cotton and linen blend.

History of 1934 $20 Federal Reserve Note

During the Great Depression the U.S. issued several small-size and large-size currency types; the 1934 series Federal Reserve Notes were printed after banking reforms to supply currency via Federal Reserve Banks. These notes circulated widely and exist in many condition grades and district varieties. Collectors value specific series, district letters, signatures, and unique serial numbers or star notes.