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Adirondackwannabe's avatar

Is a 1934 Series A $20 bill worth more than $20?

Asked by Adirondackwannabe (36713points) May 25th, 2010

I have a couple of $20 bills I had set aside just because of their age. One is in very good condition the other good to fair. I was just curious to see if they have any value as collector items or not. Thanks

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10 Answers

mrentropy's avatar

I found this. Short answer, they would be worth about $20.

That was just a first stab. Your local coin dealer might know more.

LuckyGuy's avatar

$20 ? That’s all?
Back in 1934 that bill had the buying power of about $400 in today’s money. Sad.

CMaz's avatar

Unused mint condition. Possibly.

But in general. @worriedguy is right. It depreciated.

But it is cool to have something that old. ;-) If and when it finds its way back to a bank. It will be sent back to the US mint. Where it will be destroyed and replaced with a NEW bill.

mrentropy's avatar

Since @Adirondackwannabe only supplied a year and denomination it’s hard to tell if it’s rare or anything. But since the bill says $20, it’s worth $20. Actually, less given the economy and all.

I don’t know off hand, but I would guess we were still on the gold standard in 1934.

Adirondackwannabe's avatar

There typical $20 bills. I’ve come across the gold or silver certificates before. These aren’t. Any other information that would help?

dpworkin's avatar

Currency collectors are concerned with the combination of the factors of rarity and condition. Condition must be perfect unless the specimen is unique or truly very rare.

arpinum's avatar

@ChazMaz Bills aren’t destroyed at the mint, federal reserve banks do the shredding.

CMaz's avatar

TY for the correction. :-)

WestRiverrat's avatar

US went off the gold standard in 1933. Your $20 bill is worth $20. Now if you had a 1933 gold or silver note, that would be worth something.

snowyowl_ecs's avatar

It’s worth what someone is willing to pay for it. People will pay a heap on money for old coins. I’m sure you can find someone who would pay more that $20 for it.

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