Coin and Paper Money Collecting/$20 National Currency

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Expert: - 7/20/2009


Question
I have a $20 bill that says National Currency on the top. It was issued from the National City Bank of Cleveland,Ohio. The number 786 appears on each side of the front of the bill. Series of 1929. It has a brown seal. The back of the bill has a picture of the White House.  I guess the condition is o.k.. Someone wrote the numbers 062 in pencil on the back.  No rips or tears. It's not too dirty, but it has a spot on the back about 1/4" where it is white from wear. The front looks good. Is is worth more than $20 or should I just use it as cash?  Thanks for your time.


Answer
Hi Laurie,

From your description of the note its worth $25 dollars.  You might try selling it yourself on eBay - it is possible you will get more money for it.   The white spot on the reverse from wear is the big problem.  Collectors for the most part want a problem free note.  Notes from large cities are typically common.   I hope this helps!   

Please remember to never clean coins or notes, this can damage and lessen their value.  Also, soft plastics can contain harmful chemicals that can react with coins over time.  Try using inert materials when storing coins.  Plus, it is always a good idea to store coins in a safe.  The safe should not be exposed to the elements and should not be up against a wall to the outside.  These are just a few tips I have learned over the years to help keep your collection in top shape.

If you found this information helpful please nominate me for category expert in coins.  If coming through Los Banos, CA please feel free to look us up at Thoreson Numismatics, 947 6th Street, Los Banos, CA  93635.  209-826-0777, email troy@aucpro.com.   Please remember that we are always in the market to buy and sell coins, currency, tokens, and medals both U.S. and World.  We are also licensed to buy scrap gold & platinum jewelry.  

Thanks for the question,


Troy Thoreson, President
Auc Pro, Inc.
Thoreson Numismatics
www.aucpro.com
Life Member American Numismatic Association #5362
Life Member California State Numismatic Association #L6204
Authorized PCGS Dealer
Authorized NGC Dealer
2009, 2010 Red Book Contributor
Member Chamber of Commerce, Los Banos, CA   
Inventory Insurance:  Lloyd's of London via Hugh Wood, Inc.

Coin and Paper Money Collecting

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Troy Thoreson

Expertise

Please, no error coin questions unless your coin is dated 1955 or before. I can answer questions regarding all U.S. Coins, Gold & Silver bullion, including regular mint and proof issue coins and currency. Since 2009, I have been contributing to the Red Book, "A Guide Book of United States Coins", by R.S. Yeoman along with two other publications. I currently run two coin shops in California.

Experience

I have over 30 years experience in Numismatics. I own two coin shops and have examined thousands of coins over the years. Please allow up to 2 business days for an answer. This is a free service and I am happy to answer questions - but please be patient and understanding of my time.

Organizations
My company is an authorized P.C.G.S. and N.G.C. dealer. I am a Life Member of the American Numismatic Association and California State Numismatic Association. We are also an authorized Whites Metal Detector dealership.

Publications
I have written articles for Coin World and the Rare Coin Market Report.

Education/Credentials
I have a certificate of completion from the American Numismatic Association on how to detect counterfeit U.S. Gold Coins and how to Grade U.S. Coins along with other certifications. I have a Bachelor of Science in Business with a concentration in Accounting and a minor in Computer Information Systems.

Awards and Honors
I am listed as a contributor to the Red Book, "A Guide Book of United States Coins", the Red Book, by R.S. Yeoman. I have been contributing to the Red Book since 2009. I also contribute to the Blue Book and the new Professional edition Red Book. I have many other awards and honors.

Past/Present Clients
My past consulting clients included eBay, Inc., Yahoo! Auctions, and the United States Postal Service. I have many other great customers and help all no matter their level of collecting.

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