Value of Twenty Dollar Bill from the Series of 1928C
Series of 1928C $20 bills are somewhat rare. They were only issued for the Chicago and San Francisco districts. So the serial number on a 1928C $20 bill should start with G or L and all serial numbers end with the letter A. There were no 1928C $20 star notes issued.
Keep in mind that the letter than begins or ends the serial number has nothing to do with the series. Series of 1928C twenty dollar bills will have the letter C after or below “series of 1928” as shown below.
1928C twenty dollar bills are special because they were redeemable in gold. They read “Redeemable In Gold On Demand At The United States Treasury, Or In Gold Or Lawful Money At Any Federal Reserve Bank.” The above phrase is known as the gold clause. This phrase does not make 1928C Federal Reserve $20 bills also gold certificates. Gold certificates have a gold colored seal and serial number.
You can also find “Federal Reserve Note The United States Of America Will Pay To The Bearer On Demand Twenty Dollars” printed on each note. All series of 1928C $20 bills were signed by W.O. Woods as the Treasurer of The United States and by Ogden L Mills as the Secretary of the Treasury.
All series of 1928C $20 Federal Reserve notes were printed in Washington DC. They feature a portrait of Andrew Jackson and show The White House on the back of each bill. They have a green seal on the right and green serial numbers. Remember that “In God We Trust” didn’t start until 1956. Therefore no 1928C notes ever have that motto on them.
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