1929 $20 FRBN BOSTON, MA with fr# 1870-A, graded 66 EPQ (exceptional paper quality) Gem New by PMG displaying serial number A00629959A. A completely original FRBN with full embossing, bold colors, nice centering and crisp paper. No pin holes or tears.
Federal Reserve bank notes were United States currency bank-notes issued by individual Federal Reserve banks. They were based upon the earlier National Bank Notes. They differed from Federal Reserve notes in that they could only be redeemed at the Federal Reserve bank that issued them. Federal Reserve notes could be redeemed at any Federal Reserve bank. These notes were issued in 1933 during the Great Depression. Their creation came about as a result of the public hoarding cash because of the many bank failures happening at the time. They were phased out within 2 years, but served their purpose dutifully. They have brown seals and serial numbers; their reverses were the same as all other small sized notes of that day. Please view our other on FIRE Ebay auctions. If there is something specific you need, please contact us by email or by calling. 112513tyysllc.