{"product_id":"20-federal-reserve-note-series-1934-richmond-green-seal-jackson","title":"$20 Federal Reserve Note - Series 1934 - Richmond Green Seal Jackson (PSV 25)","description":"\u003cp class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\"\u003eMetalStacks proudly presents a distinguished piece of pre-World War II American currency with this \u003cstrong\u003eSeries 1934-A $20 Federal Reserve Note\u003c\/strong\u003e, featuring the iconic \u003cstrong\u003egreen Treasury seal\u003c\/strong\u003e and signatures of W.A. Julian (Treasurer of the United States) and Henry Morgenthau Jr. (Secretary of the Treasury). Issued during the height of the Great Depression and the early Roosevelt administration, this note represents a transformative era in American monetary history — the period when the United States moved decisively away from the gold standard and reshaped the modern Federal Reserve system.\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\"\u003e(PSV 25)\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\"\u003eThis particular example is housed in a protective rigid currency holder and elegantly presented within a \u003cstrong\u003ehandsome wood display frame with a black matted backdrop\u003c\/strong\u003e, transforming it into a finished showcase piece ready for immediate display. The note exhibits natural signs of age and circulation consistent with its nearly century-old vintage, including subtle toning, paper texture variations, and minor wear that authentically reflect its journey through American history. These natural characteristics enhance its authenticity and historical character as a genuine artifact of the New Deal era. \u003cstrong\u003eOnly one note is available, and it bears a unique serial number, making this a truly one-of-one collectible offering.\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\"\u003eThe note was issued by the \u003cstrong\u003eFederal Reserve Bank of Richmond, Virginia (District 5)\u003c\/strong\u003e, one of the twelve regional Federal Reserve Banks responsible for currency distribution across the southeastern United States, and features a portrait of \u003cstrong\u003eAndrew Jackson\u003c\/strong\u003e — the 7th President of the United States — at center.\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\"\u003e\u003cstrong\u003eNote Information\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul class=\"[li_\u0026amp;]:mb-0 [li_\u0026amp;]:mt-1 [li_\u0026amp;]:gap-1 [\u0026amp;:not(:last-child)_ul]:pb-1 [\u0026amp;:not(:last-child)_ol]:pb-1 list-disc flex flex-col gap-1 pl-8 mb-3\"\u003e\n\u003cli class=\"font-claude-response-body whitespace-normal break-words pl-2\"\u003eSeries: 1934-A\u003c\/li\u003e\n\u003cli class=\"font-claude-response-body whitespace-normal break-words pl-2\"\u003eDenomination: $20\u003c\/li\u003e\n\u003cli class=\"font-claude-response-body whitespace-normal break-words pl-2\"\u003eType: Federal Reserve Note\u003c\/li\u003e\n\u003cli class=\"font-claude-response-body whitespace-normal break-words pl-2\"\u003eSeal Color: Green Treasury Seal\u003c\/li\u003e\n\u003cli class=\"font-claude-response-body whitespace-normal break-words pl-2\"\u003eIssuing Bank: Federal Reserve Bank of Richmond (E5)\u003c\/li\u003e\n\u003cli class=\"font-claude-response-body whitespace-normal break-words pl-2\"\u003eSerial Number: E54735411A\u003c\/li\u003e\n\u003cli class=\"font-claude-response-body whitespace-normal break-words pl-2\"\u003eSignatures: W.A. Julian (Treasurer) \/ Henry Morgenthau Jr. (Secretary of the Treasury)\u003c\/li\u003e\n\u003cli class=\"font-claude-response-body whitespace-normal break-words pl-2\"\u003eGrade: Circulated\u003c\/li\u003e\n\u003cli class=\"font-claude-response-body whitespace-normal break-words pl-2\"\u003eIssuer: United States of America\u003c\/li\u003e\n\u003cli class=\"font-claude-response-body whitespace-normal break-words pl-2\"\u003ePaper Type: Government-issued cotton\/linen blend\u003c\/li\u003e\n\u003cli class=\"font-claude-response-body whitespace-normal break-words pl-2\"\u003eRedemption Clause: \"Redeemable in Lawful Money at the United States Treasury or at any Federal Reserve Bank\" (historical)\u003c\/li\u003e\n\u003cli class=\"font-claude-response-body whitespace-normal break-words pl-2\"\u003ePresentation: Rigid currency holder mounted within a wood display frame\u003c\/li\u003e\n\u003cli class=\"font-claude-response-body whitespace-normal break-words pl-2\"\u003eAvailability: One (1) note only\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\"\u003e\u003cstrong\u003eDesign Details\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\"\u003e\u003cstrong\u003eObverse:\u003c\/strong\u003e Features the classic engraved portrait of \u003cstrong\u003eAndrew Jackson\u003c\/strong\u003e — the 7th President of the United States — at center, framed by ornate scrollwork and the Federal Reserve Bank of Richmond seal (E5). The \u003cstrong\u003egreen Treasury seal\u003c\/strong\u003e is positioned to the right of Jackson's portrait, with matching \u003cstrong\u003egreen serial numbers\u003c\/strong\u003e (E54735411A) flanking the central design. The inscription \u003cstrong\u003e\"FEDERAL RESERVE NOTE\"\u003c\/strong\u003e appears prominently across the top, with the legal tender and redemption clause to the left of Jackson: \u003cem\u003e\"THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE, AND IS REDEEMABLE IN LAWFUL MONEY AT THE UNITED STATES TREASURY, OR AT ANY FEDERAL RESERVE BANK.\"\u003c\/em\u003e The \"SERIES OF 1934 A\" designation appears alongside the signature of Secretary Henry Morgenthau Jr., while Treasurer W.A. Julian's signature appears at the lower left. The promise \u003cstrong\u003e\"WILL PAY TO THE BEARER ON DEMAND\"\u003c\/strong\u003e runs along the bottom border — a historical artifact from an era when paper currency was tied to a more direct redemption framework.\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\"\u003e\u003cstrong\u003eReverse:\u003c\/strong\u003e Displays a detailed engraved view of the \u003cstrong\u003eWhite House\u003c\/strong\u003e as it appeared in the 1930s, framed by elaborate scrollwork and ornamental flourishes. Bold \u003cstrong\u003e\"20\"\u003c\/strong\u003e numerals appear at all four corners, with \u003cstrong\u003e\"THE UNITED STATES OF AMERICA\"\u003c\/strong\u003e arched across the top and \u003cstrong\u003e\"TWENTY DOLLARS\"\u003c\/strong\u003e anchoring the bottom. The inscription \u003cstrong\u003e\"WHITE HOUSE\"\u003c\/strong\u003e appears beneath the central engraving. This iconic reverse design — featuring the original White House view from the south side — was used on $20 Federal Reserve Notes from 1928 through 1950, after which the design was modernized to reflect the building's post-Truman renovation.\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\"\u003e\u003cstrong\u003eHistorical Significance\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\"\u003eThe Series 1934-A $20 Federal Reserve Note is a tangible piece of one of the most consequential eras in American monetary history. The 1934 series was issued in the immediate aftermath of three landmark New Deal monetary policies enacted under President Franklin D. Roosevelt:\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\"\u003e\u003cstrong\u003eThe Gold Reserve Act of 1934:\u003c\/strong\u003e Signed into law on January 30, 1934, this act officially \u003cstrong\u003eended the domestic gold standard\u003c\/strong\u003e, nationalizing all gold held by the Federal Reserve and prohibiting private gold ownership. The Act fundamentally redefined the relationship between U.S. currency and precious metals.\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\"\u003e\u003cstrong\u003eExecutive Order 6102 (1933):\u003c\/strong\u003e Just one year prior, Roosevelt had ordered the surrender of all privately held gold coins, bullion, and certificates — one of the most dramatic monetary policy actions in U.S. history.\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\"\u003e\u003cstrong\u003eDevaluation of the Dollar:\u003c\/strong\u003e As part of the 1934 reforms, the gold value of the dollar was officially devalued from $20.67 per ounce to $35.00 per ounce — a 41% devaluation designed to spur economic recovery during the Great Depression.\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\"\u003eThe 1934-A series specifically carries the signatures of \u003cstrong\u003eW.A. Julian\u003c\/strong\u003e and \u003cstrong\u003eHenry Morgenthau Jr.\u003c\/strong\u003e, who served together under President Franklin D. Roosevelt. \u003cstrong\u003eHenry Morgenthau Jr.\u003c\/strong\u003e is one of the most historically significant Treasury Secretaries of the 20th century — serving from 1934 to 1945, he financed the New Deal, oversaw the wartime financing of World War II through Liberty Bonds, and was a chief architect of the \u003cstrong\u003eBretton Woods Agreement\u003c\/strong\u003e that established the post-war international monetary system. Notes bearing his signature carry profound historical weight far beyond their numismatic value.\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\"\u003eThe \u003cstrong\u003e1934-A variant\u003c\/strong\u003e is distinguished from the base 1934 series by a minor printing modification adopted partway through production. The Series of 1934 family (1934, 1934-A, 1934-B, 1934-C, and 1934-D) collectively represents the \u003cstrong\u003elongest-running design series in $20 Federal Reserve Note history\u003c\/strong\u003e, spanning from 1934 through 1950 before being replaced by the redesigned 1950 series featuring the modernized White House view.\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\"\u003eThis note's redemption clause — \u003cstrong\u003e\"REDEEMABLE IN LAWFUL MONEY AT THE UNITED STATES TREASURY, OR AT ANY FEDERAL RESERVE BANK\"\u003c\/strong\u003e — is itself a piece of monetary history. Federal Reserve Notes from this era retained a redemption promise that would gradually be phased out, culminating in the final elimination of any redemption language by 1963, when the modern fiat-only Federal Reserve Note framework was firmly established.\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\"\u003e\u003cstrong\u003ePresentation\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\"\u003eThis nearly century-old note is securely housed in a protective rigid currency holder and elegantly mounted within a \u003cstrong\u003ewood display frame with a black matted background\u003c\/strong\u003e, ready for immediate display on a desk, shelf, mantel, or wall. The framed setup protects the vintage paper while allowing full visibility of its design, green seal, Jackson portrait, serial number, and signatures. As with all MetalStacks offerings, the note has been carefully handled and verified for authenticity.\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\"\u003eBecause only one example is available, the exact note shown — including its distinct serial number and individual condition — is the note you will receive.\u003c\/p\u003e\n\u003cp class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\"\u003eFor additional details or collector inquiries, please contact MetalStacks at \u003cstrong\u003e(561) 529-3001\u003c\/strong\u003e.\u003c\/p\u003e","brand":"MetalStacks","offers":[{"title":"Default Title","offer_id":48143682961653,"sku":"MS$201934ACAT14","price":89.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0609\/4444\/9781\/files\/MSSTACK4-4_3_9e229af2-d0f6-4629-9d96-22740331dc26.png?v=1778608491","url":"https:\/\/metalstacks.net\/products\/20-federal-reserve-note-series-1934-richmond-green-seal-jackson","provider":"Metalstacks","version":"1.0","type":"link"}