1928 $20 Federal Reserve Note — Minneapolis, Gold Clause, Jackson View Watchlist >
- Winning Bid: $41.99
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- High Bidder: Imflush
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Lot # HK275
System ID # 24384531
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1928 $20 Federal Reserve Note — Minneapolis, Gold Clause, Jackson
This 1928 Series $20 Federal Reserve Note represents the first “small-size” U.S. currency ever printed, marking a pivotal shift from the oversized bills of earlier decades. At its center is a finely detailed portrait of President Andrew Jackson, while the reverse showcases an ornate engraving of the White House, framed by bold “20” numerals.
What makes this issue significant is its gold clause. The note reads: “Redeemable in gold on demand at the United States Treasury or in gold or lawful money at any Federal Reserve Bank.” These words reflect a bygone era of American money—when paper notes were tied directly to gold. After 1933, the clause was removed, making surviving examples like this highly desirable to collectors. This particular bill was issued from the Minneapolis Federal Reserve Bank (District 9), a scarcer designation that adds to its appeal.
Whether you are a seasoned numismatist or just beginning a collection, this note embodies both history and artistry. It tells the story of America’s shift away from the gold standard and the evolution of modern currency.
Condition:
In circulated condition, with fold lines, edge wear, and mild discoloration consistent with its age. Despite circulation, the paper remains solid and all design elements—including portrait, seal, and gold clause—are crisp and legible. Please review photos for exact details.
Dimensions:
Approx. 6.14 x 2.61 inches (standard U.S. small-size note).
This is not just a $20 bill—it is a tangible artifact from the Great Depression era, issued at a time when dollars could still be traded for gold. An engaging centerpiece for any U.S. currency collection.
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At Mesilla Valley Estate Sales, we take pride in the authenticity and quality of each item we offer. Here's our commitment to you:
- Authenticity Assurance: We guarantee the coins in this listing to be authentic, handpicked from pre-owned estate collections.
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Please Note:
In the rare event of a typographical error in our listings, including gem descriptions and pricing, we reserve the right to correct such errors. If an item is sold based on incorrect information, we will provide a full refund to the buyer and adjust the product information accordingly.
Our guarantee aligns with our pickup policy, ensuring you have the opportunity to review your purchase at the designated pickup time and location. It's important to understand that once the item is picked up, the sale is final, and the item cannot be returned.
We believe that the coins you purchase will become cherished heirlooms, admired for generations.
