Nice Bank Teller

As I have for months been checking with my bank for the usual stuff odd coins, small face notes, older notes, buying rolls and going through hundreds of dollar notes, so last thursday when I went in to deposit the new guy says I might have something you might be interested in, so thinking it might be $2.00 notes,He hands me this a 1934 $20.00 and of course I swapped him twenties. Now I know it's not in the best of shape the corners are a little haggard and three folds, but nonetheless it is 73 yo, besides I don't know too many 73 yo people that don't a little haggard with a few folds.:goofer:

John

 

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Sweet!!! It's a keeper and the condition would not both me a bit! It's old and been around - that's cool.

Darryl

 

Hummmmmmmmmmm
Just wait until Dad finds out that Jr. has been in his old money box again...LOL

Nice find.

RickieB

 

I am in total agreement

 

Nice note to keep.

 

Nice note, but not quite as old as you thought it was. The 1934 C series was issued through 1954 so it's about 53 years old, not 73.

 

So it wasn't originally printed in 1934? why would the they print notes to be issued, ahh lets say 1940 with a 1934 date.
So let's see if I'm understanding this, if they printed the notes to be issued 20 years from the date printed, then why don't I see more crisp 1987 notes or whatever date was printed around 20 years ago.

 

i'm not sure why they did that back then. i know they print notes now with the 2003A on them still and 2006. they made 1977 notes all the way up to 1980. heres the place to see how long they made a certain series of a bill, except the old ones. i've also heard the 1935 silver certificates were printed until 1948. i'm not sure why.dd:

 

Wow, nice grab! I'd do it in a heartbeat! Very nice! :thumb:

Phoenix

 

Thanks Everyone. How about some opinions on grade.

John

 

So would that mean its somewhere between 53 and 73 years old?

 

Series dates are not like the dates you see on coins. They have very little to do with when the notes were issued. Up until some time in the 1980's this was how the rule went.

The series date was the year in which either a major change was approved in the design, or if BOTH the signatures of the Secretary of the Treasury and the Treasurer of the US changed. If just one signature changed then the letter after the series date was changed. So for your note the last major change occurred in 1934 when both signatures changed from W O Woods/Ogden L Mills to W A Julian/Henry Morgenthau.

Then sometime between then and 1945 they must have made a change in the design (I don't know what it was) and the series was changed to 1934 A (It was a minor change so the series date did not change).

In mid-1945 Morgenthau resigned and was replaced by Fred M Vinson. Notes with the W A Julian/Fred M Vinson signatures came out in 1946 as Series 1934 B.

Vinson only stayed in office until June of 1946 when he was replaced by John W Snyder. Notes with the Julian/Snyder signatures came out in 1947 as 1934 C.

Julian resigned in May 1949 and was replaced by Georgia Neese Clark. Series 1934 D with Clark,Snyder began coming out in late 1949 or early 1950.

During 1950 the designs were apparently changed and a new series 1950 with the Clark/Snyder signature.

The 1934 C was a case where they did not follow their rules. In July of 1948 they made a major change in the back design of the twenty. On the old design there are only three rather small trees around the White House nd the one at the right covers the right hand edge of the building.and it is in front of the wing on that side. Your note is of the new design with no tree out front on the right and the right edge of the main building visible. Both of these designs were used for the 1934 C series. If they had followed the rules they should have changed the series to Series 1948.

From all this we can narrow the issue time of your note down to sometime between May 1948 and sometime in 1950. (My earlier post about the end time of the 34 C series was in error.

Since the mid 1980s the new rule is the series date changes if there is a major change in the design, or if the Secretary of the Treasury changes. Changes of the Treasurer will mean a change in the series letter.

 

my favorite teller strikes again

 

Very Nice!!! To all those wonderful tellers out there that circulate old coins and notes :bow: we solute you!!!

 

That's nice

John

 

The problem I have, most of the banks where I have an established, good relationship, the tellers themselves buy up the really good stuff. The most I can hope from them is if they find a $1,000 bill and can't afford to buy it out of their drawer (that and all the 1980's-1990's bills, which I'm still grateful for and make sure they know it).

 

thats a pretty nice old 5 you got there! its sad about those old bills, people care about them in their collection, then someone comes and spends it. as soon as it meets the bep, it will 100% positive get shredded.

 

Do US Notes make it back to the Treasury (don't think they ever went back to the BEP), or is the Federal Reserve authorized to destroy them for them (would make sense as the Fed is already setup to do this for Federal Reserve Notes).

 

So... have you sent her any for the kind deed yet??


RickieB

 

My lowest number to date

My favorite bank teller saved this for me today. What do you fellow CT think about it? I know it's in pretty tough shape and has been taped but for face value I just couldn't hardly pass it up.

John