Small Size Federal Reserve Bank Notes $20 - 1929

Small Size Notes-1928 to Present

After 68 years of prosperity, our large size currency felt the impact of modern times. So the large size US curency note came to an end due to the economics of the times. Tons of ink and paper were required to produce our currency to an ever expanding economy. The currency needed to fulfill this new demand was astronomical. The government realized that many millions of dollars could be saved if our currency was reduced in size. This was the direction the US Government took as on July 10, 1929 the first of the new small sized notes were placed into general circulation.

The new small sized notes were reduced in size from 7.42 inches by 3.13 inches to 6.14 inches ,X 2.61 inches. This cost cutting measures saved the government millions of dollars in ink and paper annually.

Small Size-Federal Reserve Bank Notes

Small size Federal Reserve Bank Notes (FRBNs) of 1929 was a one-year emergency issue. Issued in 1933 in denominations of $5, $10, $20, $50 and $100 denomoations, they all featured a distinct Brown Seal. Not all banks issued all denominations. Although they are all obsolete, most are still readily available for collectors. FRBN stars notes are highly sought after and are very rare in certain denominations. According to the Jhon E Cash Census, there are an estimated 1,215 star notes known. They differed from Federal Reserve Notes in that they could be redeemed only at the Federal Reserve bank that issued them.

They were issued only as an emergency issue in 1933 using the same paper stock used for National Bank Notes. This emergency issue was prompted by the public hoarding of cash because of the many bank failures happening at the time. This also limited the ability of the ,National Banks to issue notes of their own. They were phased out within 2 years, but served their purpose dutifully. As small size notes, they have brown seals and serial numbers, the same as National Bank Notes of the era.

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7 Notes Found (Exclude Star Notes)

Page: 1

Fr.-1870 1929 $20 Minneapolis FRBN Ser. I00710981A Raw
See Pictures.....
Added: 7/19/2010 Views: 3784 Price: $75.00

Fr.-1870B* 1929 $20 New York FRBN Star Ser. # B00001944* VF
EX Dean Oakes Note. This is a nice example of the 1929 $20 FRBN star from the New York District. Check out the serial number, "1944". Is there anyone out there that is from New York that was born in 1944? This would make a great birthday note. This is a V...
Added: 3/23/2010 Views: 3593 Price: $675.00

Fr.-1870C* 1929 $20 Philadelphia FRBN Star Ser. # C00008055* VF
A real nice example of the 1929 $20 FRBN star fro tme Philadelphia district. There were 24,000 printed. The serial number is C00008055*. This is actually a real nice note with white paper and losts of crispnesss. No visable rips, tears or pinholes....
Added: 3/23/2010 Views: 3798 Price: $650.00

Fr.-1870H* 1929 $20 St Louis FRBN Star Ser. # H00001979* VF
Here we have a 1929 $20 FRBN Star from the St Louis district. Check out the serial number "1979", anyone born in 1979, and from St Louis? There were 24,000 printed with 46 known in the census. This is in the middle for the grade. A solid VF note with no v...
Added: 3/23/2010 Views: 3875 Price: $650.00

(SOLD)

Fr-1870A* 1929 $20 Boston Star PMG VF-30EPQ Serial # A00004562*
Check out this 1929 $20 FRBN Star note from the very rare Boston district. Of the 24,000 printed only 14 have survived. Four of the 14 notes are destroyed and the rest of them is in VG or Fine or less. The serial number is A00004562* and is graded as a P...
Added: 1/1/2010 Views: 4048 Price: SOLD

(SOLD)

Fr-1870A* 1929 $20 Boston Star PMG VF-30EPQ Serial # A00005439*
POP 1/0 Finer. Here is another 1929 $20 FRBN Star note from the very rare Boston district. Of the 24,000 printed only 14 have survived and 4 of those are destroyed. The serial number is A00005439* and is graded as a PMG VF-30EPQ. Look closely at this note...
Added: 1/1/2010 Views: 6984 Price: SOLD

(SOLD)

Fr-1870J* 1929 $20 Kansas City Star PMG VF-20 Serial # J00004888*
This is a 1929 $20 FRBN star from the Kansas City district. Of the 24,000 printed only 24 have survived. PMG has graded only one note higher than this one and it is a PMG VF-20. This is the second finest graded by PMG. Most of the surviving 24 notes are i...
Added: 1/1/2010 Views: 7236 Price: SOLD

7 Notes Found

Page: 1

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