1928-B $20 Twenty Dollars U.S. Federal Reserve Note

Please see the images for more details on the condition of the note.

The Series of 1928 was the first issue of small-size currency printed and released by the U.S. government. These notes, first released to the public on July 10, 1929, were the first standardized notes in terms of design and characteristics, featuring similar portraits and other facets.

The 1928 Federal Reserve Notes were redeemable as per the following legend in the upper left corner of the note: Redeemable in gold on demand at the United States Treasury, or in gold or lawful money at any Federal Reserve Bank. While these notes were issued by the Federal Reserve Banks, they were still obligations of the U.S. Government, as stated: The United States of America will pay to the bearer on demand [so many] dollars. This obligation to exchange FRNs for gold ended in the early 1930s as the United States outlawed the private ownership of gold and left the gold standard in response to the Great Depression.

Due to the uniqueness of each item, please refer to the photos provided in this auction. We offer high resolution images of each item rather than a written description of condition.

This item is being shipped from the Pristine Auction warehouse.