How Much Is A 1894 $20 Bill Worth?

All twenty dollar bills from 1894 have a chance to be expensive and rare. The things that determine the value are the serial number, condition, and issuing bank. All $20 national bank notes from 1894 started at serial number one. If your note is the #1 note then it will be worth a significant premium. All rare currency is valued based on its condition. Twenty dollar bills in perfect condition are worth more than the same note in lesser condition. For every three ten dollar bills a national bank printed, it only issued one $20 bill. That fact makes most 1894 twenty dollar bills comparatively rare. Sadly, they don’t always trade at a premium with most dealers. However, we recognize the rarity and pay up because they are scarce. 1894 $20 bills are few and far between today because twenty dollars then is the equivalent to $1425 today. Paper money didn’t really become collectible until the 1960s. So there was really no incentive to save a $20 bill.

Fortunately for sellers, we buy all 1894 twenty dollar bills. We have paid more than $29,000 for some of the rarest examples. Contact us and we would be happy to make an offer on your bill. – (864) 430-4020

These national banks issued 1894 $20 bills:

  • Charter 4947 – First National Bank of Wadesboro, North Carolina
  • Charter 4960 – National Bank of Wilmington, North Carolina
  • Charter 4961 – Citizens National Bank of Akron, Ohio
  • Charter 4970 – Wick National Bank of Youngstown, Ohio
  • Charter 4977 – City National Bank of Niles, Ohio
  • Charter 4938 – New First National Bank of Meadville, Pennsylvania
  • Charter 4938 – First National Bank of Meadville, Pennsylvania
  • Charter 4948 – First National Bank of Coudersport, Pennsylvania
  • Charter 4955 – Peoples National Bank of Lebanon, Pennsylvania
  • Charter 4965 – Union National Bank of Huntingdon, Pennsylvania
  • Charter 4965 – Union National Bank & Trust Company of Huntingdon, Pennsylvania
  • Charter 4971 – First National Bank of Cochranton, Pennsylvania
  • Charter 4974 – Westmoreland National Bank of Greensburg, Pennsylvania
  • Charter 4978 – First National Bank of New Bethlehem, Pennsylvania
  • Charter 4979 – Farmers National Bank of Lebanon, Pennsylvania
  • Charter 4983 – American National Bank of Deadwood, South Dakota
  • Charter 4946 – National Livestock Bank of Fort Worth, Texas
  • Charter 4950 – Peoples National Bank of Colorado, Texas
  • Charter 4976 – First National Bank of Hearne, Texas
  • Charter 4982 – Red River National Bank of Clarksville, Texas
  • Charter 4943 – Peoples National Bank of Swanton, Vermont
  • Charter 4940 – First National Bank of Onancock, Virginia
  • Charter 4937 – Citizens National Bank of Appleton, Wisconsin
  • Charter 4975 – National Bank of Manitowoc, Wisconsin
  • Charter 4975 – First National Bank in Manitowoc, Wisconsin