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1929 (G-Chicago) $20 Brown Seal FRBN XF-45 EPQ PMG (Fr#1870-G)
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$149.99
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| Volume Discount Pricing | |||
|---|---|---|---|
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| Any Quantity | $149.99 | $151.55 | $156.24 |
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Product Details
1929 $20 National Currency note, more commonly referred to as a Federal Reserve Bank Note (FRBN). Issued by the Federal Reserve Bank of Chicago to help ease the currency crisis during the Great Depression. This note is certified Extra Fine 45 EPQ by PMG.Currency Highlights:
- Housed in an archival quality currency sleeve by PMG.
- Certified Extra Fine 45 EPQ by PMG.
- Cataloged as Friedberg #1870-G, Jones/Woods.
- Face: Features a portrait of Andrew Jackson.
- Back: An engraving of the White House.
Federal Reserve Bank Notes are a great part of history that can enhance any U.S. paper money collection and distinguished by their brown seal and serial numbers. Own a piece of great depression history, add this to your cart today!
The 1929 series was actually a cost-cutting redesign,the government shrank all U.S. currency by about 25% to reduce paper and ink costs, and standardized designs across denominations. This happened just as the Depression was beginning.
FRBNs like this one were issued specifically during the banking crisis years (1929–1933) as an emergency measure to get more currency into circulation when public confidence in banks was collapsing. They were backed by U.S. government bonds held by the issuing Federal Reserve Bank rather than gold directly. - Specifications
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