Coin and Paper Money Collecting/1928 $20 bill value


Hello, I have a 1928 $20 bill, it doesn't have the gold stamps(it's a dark green stamp) but says it can be redeemed in gold or lawful money.  Signed by A.W. Mellon Sec. of the Treasury.  It's in pretty good condition (clean) but has 3 fold marks on it. It has bright green ink on the side with the White House on it and it was made in Cleveland, OH. Is it a different value than the $20 "gold certificates"? If so what would it's value be.  Thank you very much!

Gold certificates were printed in 1928 and always have a yellow/gold seal.  They are worth more than 1928 green seal federal reserve notes that have the "gold clause".  In circulated condition they are certainly not considered a type of rare currency.  However, the serial number is important, as is the condition.

Unless your note has a star symbol in the serial number, then it is only worth around $25 - $35.  Star notes and notes in perfect condition can be worth hundreds to low thousands.

Coin and Paper Money Collecting

All Answers

Answers by Expert:

Ask Experts


Manning Garrett


I can answer any question relating to valuing US Currency. My specialty is national currency, large-size currency, and small size issues between 1928 and 1957. Many bank notes have variables that can make two seemingly identical notes have very different values. That is why it is so important to work with an expert. I also work with rare Canadian banknotes as well as some foreign currency (mostly British Commonwealth countries). I have participated either as a buyer or seller in more than 500 different coin auctions.


I have been a full time currency dealer since 2006. I set up at about ten national coin and currency shows per year all across the country. My company has a retail location in Greenville, SC. I also run a website about old money values. I am also currently the director of currency auctions at Stacks Bowers. So I am in a unique position to see, value, and sell millions of dollars worth of paper money on a annual basis. I have been lucky enough to sell hundreds of individual banknotes worth over $10,000. I personally hold several world records for highest price paid for certain categories of banknotes. While I personally don't deal a tremendous amount of coins, I can provide sound advice on where to sell coins in NYC, and other major metro areas across the country. I have seen the worst of the worst and the best of the best when it comes to coin dealers. If you don't want to publicly ask a question then you can always view our coin value guide at

South Carolina Numismatic Association (Life Member and Past Board Member), Society of Paper Money Collectors (Life Member), American Numismatic Association (Member), Florida United Numismatist Association (Member)

Bank Note Reporter, Chicago Tribune, Dozens of Smaller Local Newspapers

Clemson University BS in Corporate Finance, Western Carolina University Masters in Accountancy, ANA Summer Seminar 2013 (Coin Grading)

©2017 All rights reserved.