One $20 1902 Series Blue Seal National Bank Note from First & Peoples National Bank of Gallatin Tennessee 6

Rare 1902 Series Blue Treasury Seal $20 National Bank Note for First & Peoples National Bank of Gallatin, Tennessee Dated 1920

$645.00

Rare Original 1902 Series Blue Treasury Seal $20 National Bank Note for First & Peoples National Bank of Gallatin, Tennessee | Dated July 5, 1920 | The First & Peoples National Bank of Gallatin, Tennessee was Chartered in 1900 – Charter No. 5545 | This is an original $20 National Bank Note Issued During the Third Charter Period from the Series of 1902 | The Bill is a Blue Treasury Seal Note with a Plain Back not containing any dates | Approx. Measurements: 3″ H x 7″ W |  Serial Number N547258H

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Additional Information
  • Rare Original 1902 Series Blue Treasury Seal $20 National Bank Note for First & Peoples National Bank of Gallatin, Tennessee | Dated July 5, 1920 | The First & Peoples National Bank of Gallatin, Tennessee was Chartered in 1900 – Charter No. 5545 | This is an original $20 National Bank Note Issued During the Third Charter Period from the Series of 1902 | The Bill is a Blue Treasury Seal Note with a Plain Back not containing any dates | Approx. Measurements: 3″ H x 7″ W |  Serial Number N547258H | Considered in Very Good Condition considering age and use – See Below.

    Series of 1902 $20 blue seal national bank notes were still being printed by some national banks in the 1920s.  All twenty dollar bills from 1920 have a chance to be valuable and rare. The factors that affect the value are the serial number, issuing bank, and condition. All $20 national bank notes from 1920 started at serial number one. Twenty dollar bills are more scarce than ten dollar bills. For every three ten dollar bills a national bank printed, it only issued one $20 bill. This fact makes most 1920 twenty dollar bills comparatively rare.

    The 1920 $20 bill was printed from December of 1908 to August 1929, even though every note will state that it is part of the series of 1902.  The 1920 $20 bills also feature a full date, this date is when the bank got its national charter or a variation of that date.  1920 twenty dollar bills have the portrait of Hugh McCulloch on the front left, and will all have a blue seal.  They can be broken down into “date-backs” and “plain backs,” but this difference does not effect a bills valuation.   The value of 1920 $20 bills depend on a number of factors including the identity of the bank which issued the note.  Smaller banks generally are much more scarce and consequently may be priced higher.

    Grading:  Worthington Galleries uses the grading guide found in the Standard Catalog of United States Paper Money by George S. Cuhaj. However, as provided in our Terms & Conditions, a prospective buyer should not rely on any grading or valuation that may be offered by Worthington or its partners.  Instead, every prospective buyer is encouraged to seek expert professional advice when making a purchase decision.  The Grading Guide can be referenced here.

    Very Good (VG): A well-used note, abused but still intact. Corners may have much wear and rounding, tiny nicks, tears may extend into the design, some discoloration may be present, staining may have occurred, and a small hole may be seen at center from excessive folding. Staple and pinholes are usually present, and the note itself is quite limp but no pieces of the note are missing. A note in VG condition may still have an overall not unattractive appearance.

  • Weight

    1lb.

    Height

    3"

    Width

    7"

    Depth

    1"

    Kind

    Books, Maps, Documents and Manuscripts, Coins & Currency, Collectibles, Documents & Manuscripts, Memorabilia, Militaria, Numismatics

    Date

    1920

    Subject

    Coin & Currency, Document, Historical, WWI