Coin and Paper Money Collecting/series 1950 $20 Bill

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Question
series 1950 $20 bill
series 1950 $20 bill  

back side series 1950 $20 bill
back side series 1950  
Hi Ronald: I was handed a series 1950 $20 bill today.  Is this worth more than face value?

Answer
Bills are printed in sheets of 36 notes and in three phases. Reverse print, obverse print, and serial numbers with seal print. They then are cut and put into bundles of 100. Average circulated $20's from 1950 can bring about $25. New notes about $50. Yours appears better than average, but not new.

Please refer to this link for approximate value of most small U.S. currency: http://www.coinsite.com/html/uspapermoneyprices(sm).asp (copy full link, including (sm).asp)

You may also want to check the U.S. dollar bill category under coins and currency on eBay from time to time to see if your bills are listed what they bring.

If you live close to a local shop, they should offer an opinion as to it's value and if it is authentic at no charge. Remember, should you choose to sell your note, get at least two estimates from professional coin dealers (PNG). I've listed a link for you to find them in your area. Link: http://www.pngdealers.com/dealersearch.php

Dealers normally pay between 50% to 60% of retail for items they want.

Please remember to go to the experts site to rate this answer. Check the nomination box on the rating page below any comments you may have.  

Coin and Paper Money Collecting

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Ronald Fern

Expertise

I can answer most all questions relating to US coins, tokens, and currency. I'm not strong on world coins or ancients. Primary field of expertise is errors and varieties. Over 55 years experience in coin collecting. Part time dealer since 1976. Employed by McDonnell Douglas/Boeing for over 34 years as an Industrial Engineer/Technical Specialist before retiring in 2002.

Experience

Worked weekends for "Lonesome" John in the late 1960's to mid 1970's processing error coins, packaging, and preparing orders. Worked with John Devine and Fred Weinberg on several California Error A Rama's in the early 1970's. Served as display judge at annual Error-A-Rama coin shows. Opened and operated mail order coin business DBA "CAL ERRORS" in 1976. Contributor to Alan Herbert's "Official Price Guide To Mint Errors" and Fivaz/Stanton "Cherrypickers' Guide". Worked Saturdays at Huntington Beach Coin Exchange 1980-1999. Had table and sold coins at a number of coin and gun shows in So CA, AZ and NV. Sell coins, tokens and currency on Facebook. Past "Errorscope" Editor. Presently CONECA Examiner.

Organizations
ANA, CONECA, CWTS, NLG

Publications
Errorscope, Numismatic News, Civil War Token Journal, Error and Variety News

Education/Credentials
AA Degree LBCC pre Engineering, 1964 BS Degree CSULB Ind Technology, 1968

Awards and Honors
1st Place EAR Trophy for Civil War Token Errors, NLG Author of Year Award for best monthly coin column "Error News and Views" in small Numismatic paper, owned and published by Ray Anthony.

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