The first release of the modern Federal Reserve Note by the US Treasury came in 1914. The 1914 Series was one of only two series issues in the Federal Reserve Note program that used the older large-sized format for US paper currency. These notes were much larger than modern notes issued from 1929 onward and are sometimes referred to as horse blankets due to the size. The only $20 note issued in the large-sized format was the 1914 note. Today, 1914 $20 Federal Reserve Notes are available to you in Very Fine condition from JM Bullion.
- Available to you in a plastic currency sleeve!
- Debut of the $20 Federal Reserve Note!
- Classic design no longer in use!
- The face value of $20 (USD) is fully backed by the US government.
- On the obverse is a portrait of President Grover Cleveland.
- The reverse features various modes of transportation from the era.
- Notes available in Very Fine condition.
- Please note the exact Very Fine condition could vary by note if you purchase multiples.
Federal Reserve Notes were first issued by the US Treasury in 1914 with denominations you would be familiar with today. These included $5, $10, $20, $50, and $100 notes. While you would recognize these denominations, you would also find that the notes were much larger than those notes currently issued by the Treasury and that some of the designs are not the same as today. Though Lincoln, Grant, and Franklin still feature on $5, $50, and $100 notes today, only Lincoln and Grant are captured in the same portrait as originally featured in 1914, with only slight modifications. The reverse of all the notes have changed with time.
All of these 1914 $20 Federal Reserve Notes are available in Very Fine condition. Notes in Very Fine condition can range from showcasing moderate signs of circulation, mild soiling, and numerous folds to only light signs of circulation with light soiling and no more than 10 folds. Overall, the notes are visually impressive and similar to the naked eye.
As Very Fine comes with the above-mentioned visuals, it is possible to receive notes with some slight variation in the overall visual appeal. However, all Very Fine notes are free of major detractions. If you buy multiple notes, you may notice slight variations in the Very Fine condition, but all within the acceptable range for this designation.
On the obverse of 1914 $20 Federal Reserve Notes is a depiction of President Grover Cleveland. President Cleveland has the sole distinction of serving as President of the United States not just twice, but in two non-consecutive terms.
The reverse face of the 1914 $20 Federal Reserve Note features a design known as Land, Air, and Sea. The vignette includes images of a steam locomotive, an early airplane, and a coal-powered cruising ship.
Please contact JM Bullion with questions. Our team can assist you at 800-276-6508, online through our live chat, and via our email address.