Description: The 1929 $20 brown seal National Banknote represents a significant piece of American financial history, produced during the era of the Great Depression. Unlike the more common green-seal notes, this brown seal variety is tied to the National Banking System, linking it to a specific chartered bank. The smaller size of this note compared to previous large-size National Banknotes was a cost-saving measure that reflected the economic challenges of the time. One of the deepest reasons this note is important lies in its symbolic connection to the collapse of the National Banking System and the transition to a more centralized monetary policy with the creation of the Federal Reserve. These notes were part of a dying system, issued at a time when banks were failing across the country. As the economic panic grew, so did public distrust in these notes. This distrust, combined with the economic reforms of the New Deal, led to their phase-out, making surviving examples historical reminders of a tumultuous economic shift.
Price: 69 USD
Location: Manhattan Beach, California
End Time: 2024-10-09T18:16:50.000Z
Shipping Cost: N/A USD
Product Images
Item Specifics
Restocking Fee: No
Return shipping will be paid by: Seller
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money back or replacement (buyer's choice)
Denomination: $20
Circulated/Uncirculated: Circulated
Type: Banknotes
Year: 1929
Grade: Ungraded
Country/Region of Manufacture: United States
Certification: Uncertified
