A Remarkable Piece of American Monetary History: The 1929 Dallas Twenty Dollar Note

This listing offers a remarkable and historically significant piece of American monetary history. It is the 1929 Series Twenty Dollar Federal Reserve Bank Note, issued by the Federal Reserve Bank of Dallas. This is a small-size note from the first major redesign of United States currency, featuring the distinctive brown seal and serial numbers that set it apart from standard Federal Reserve Notes.

Historical Context: A New Era for United States Currency

In 1929, the United States government began transitioning from the large horse blanket notes to the smaller-size notes we use today, a change driven by the need to reduce production costs and modernize the currency.

While dated 1929, these Federal Reserve Bank Notes were printed using the same paper stock as National Bank Notes. They were discontinued in 1934 and have not been available from banks since 1945.

Key Differences from Federal Reserve Notes

Unlike the green seal found on standard Federal Reserve Notes, these notes feature distinctive brown seals and serial numbers, similar to National Bank Notes of the era. Federal Reserve Bank Notes are backed by one specific Federal Reserve Bank, in this case Dallas, rather than collectively by all twelve banks. The note's face carries the phrase secured by United States bonds deposited with the Treasurer of the United States of America or by like deposit of other securities. A bar was printed over the President label, as Federal Reserve Banks had Governors, not Presidents. The note features the words National Currency across the top of the obverse, like National Bank Notes.

Design and Specifications

The obverse features a portrait of President Andrew Jackson, a design that continues on the Twenty Dollar bill today. The note prominently features the letter K in four places, signifying the Dallas Federal Reserve District. It bears a brown Treasury seal and the signatures of Jones as Register of the Treasury and Woods as Treasurer of the United States. The reverse depicts an engraving of the White House and states Federal Reserve Bank Note. Serial numbers for Dallas notes begin with the letter K.

Product Specifications

Year and Series: 1929
Denomination: 20 Dollars
Issuing Bank: Federal Reserve Bank of Dallas, District K
Type: Federal Reserve Bank Note, Brown Seal
Catalog Reference: Friedberg Number 1870-K
Signatures: Jones and Woods
Designer: United States Bureau of Engraving and Printing

Why This Note Deserves a Place in Your Collection

This note features a distinctive design with the iconic brown seal, making it a standout piece in any collection. It is a Dallas issuance, as notes from the Dallas district are considered more valuable and scarce than many other districts. It features the Andrew Jackson portrait, an iconic presidential image still used on today's Twenty Dollar bill. Most of all, it represents the first generation of the smaller, modern United States banknote format, a tangible connection to a transformative period in American currency design.

This note is more than currency. It is a piece of American monetary history, offering a rare glimpse into a bygone era of United States currency design. For the discerning collector, it represents a truly significant and desirable acquisition.

The auction is live. Notes of this caliber do not appear often. Place your bid and secure this remarkable piece of history for your collection.

Dimensions:
Height 3, Width 7, Depth 0.004 inches
Weight 0.036 lbs

Condition:
Good - Very Good. Visible crease marks, slight discoloration, and minor edge wear consistent with circulation. No significant tears or repairs observed.

Your purchase is protected:
In the rare event that the item did not conform to the lot description in the sale, Chairish Auctions specialists are here to help. Buyers may return the item for a full refund provided you notify Chairish Auctions within 5 days of receiving the item.

• Low Estimate: 350.00
• High Estimate: 750.00