1928 B $20 Federal Reserve Note New York PMG XF 40 EPQ

1928 B $20 Federal Reserve Note New York PMG XF 40 EPQ

Bullion Exchanges presents the 1928 B $20 Federal Reserve Note New York PMG XF 40 EPQ. This Series 1928B $20 note from the New York Federal Reserve district has been graded by PMG as Extremely Fine 40 with the sought-after Exceptional Paper Quality (EPQ) designation. The face features a clear portrait of Andrew Jackson, while the reverse shows the White House. As a 1928B issue, it retains the original gold-clause language stating it was redeemable in gold on demand - a hallmark of early small-size Federal Reserve Notes.

The Series 1928 Federal Reserve Notes introduced the smaller currency format that became the standard size for U.S. paper money. This transition replaced the earlier large-size “horse blanket” notes and created a more practical design that is still familiar today. The 1928 series was issued during a major period in American financial history, just before the economic challenges of the Great Depression reshaped the nation’s monetary system.

The 1928-B issue was produced for the Federal Reserve Bank of New York, one of the twelve regional Federal Reserve Banks established under the Federal Reserve System. Each district-issued note carries unique identifiers that add to its collectible appeal. The note features Andrew Jackson on the front and the White House on the reverse, two designs that have become iconic elements of American currency.

Note Specifications:

• Series: 1928
• Denomination: $20
• Graded XF 40 EPQ
• Graded by PMG (Paper Money Guaranty)
• Seal Type: Light Green
• Obverse: Portrait of Andrew Jackson.
• Reverse: Image of the White House.

The 1928-B $20 Federal Reserve Note New York PMG XF 40 EPQ offers a unique opportunity to own a tangible piece of America’s monetary evolution. Its early small-size format, connection to Andrew Jackson, and exceptional certified condition make it a standout addition for collectors seeking historically important U.S. currency with lasting numismatic appeal.

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