Evolution of the $20 Bill // Set of 4 // 1934-Present // Lightly Circulated

This 4-piece set features one example of every major design of $20 note issued from 1934 to present. It includes four variations on the small-size $20 federal reserve notes all bearing a green Treasury seal. Each note will be housed in an archival-quality plastic sleeve and presented in a luxurious black velvet bag with certificate of authenticity.

Federal Reserve Notes (FRNs) are the only banknotes currently produced in the United States. They were first authorized by Section 16 of the Federal Reserve Act of 1913. Series 1914 FRNs were the first of two large-size issues. Denominations were $5, $10, $20, $50, and $100, printed initially with a red seal and then later with a blue seal. Series 1918 notes were issued in $500, $1,000, $5,000, and $10,000 denominations. The 1914 and 1918 series notes measured approximately 7.4 x 3.1 inches. Notes of this era were often referred to as “horse blankets” due to their large size. As a cost-cutting measure, the size of FRNs was reduced in 1929 to the present-day smaller dimensions.