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Coin and Paper Money Collecting/1934 "A" $20 Federal Reserve Note


I recently came into possession of a $20 bill that bears a date of 1934.
While searching around the net for information on its value (i.e., more than $20?), I ran across an answer Jim Lawniczak gave at this site, to a question posted in 2007 concerning the value of a similar note.
In the question, the person asked about the significance of the letter "A" that was printed on the bill.
Lawniczak mentioned that there were actually 4 letters printed that year - A, B, C and D.
These were to signify the different signers on the note.
Sure enough, my "A" note has the names he mentioned on it.
However, at another site, I read a tutorial concerning the different types of US currency that has existed over the 20th century.
According to this site -  - entitled, "Six kinds of United States paper currency", it mentions that Federal Reserve Notes emanate from one of 12 different Federal Reserve Banks, and that the letters appearing on these notes signify which bank the note emanated from.
Thus, my 1934 "A" $20 bill came from the Federal Reserve Bank in Boston, Massachusetts.
So now I am confused.
Was Lawniczak referring to some other letter that appears on the bill (although I cannot locate one), or does the letter have a double meaning?
...or maybe the site I gleaned the information about the different Federal Reserve Banks from, is incorrect in their passage concerning the history of the Federal Reserve Note?

I don't know, but I'm hoping you can clear this up.
Thanks in advance for any help you can provide.

The "A" either refers to the series like 1934A - or it could refer to the issuing district A, for Boston.

Either way, those notes are not very valuable and only worth a small premium over face value.  Many are still in circulation.  

For future reference, here are all of the letters and their corresponding federal reserve banks that can be found on old money.

A - Boston
B - New York
C - Philadelphia
D - Cleveland
E - Richmond
F - Atlanta
G - Chicago
H - St. Louis
I - Minneapolis
J - Kansas City
K - Dallas
L - San Francisco  

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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)

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