The First National Bank of Arlington in Nebraska received its charter number 4583 in the year 1891. For the next thirty eight years this financial institution would go on to produce twelve different bank notes. While the name of the bank on each note is not identical, the design is similar. This $20 bill was issued for the year 1929 and has become quite rare since that time.

Currency Highlights

The First National Bank of Arlington would go on to produce 9 notes, which are the $10 1882 bill, the $20 1882 bill, the $5 1882 bill, the 1902 $10 bill, the 1902 $20 bill, the 1902 $5 dollar bill, the 1929 $10 bill and the 1929 $20 bill, which is the subject of this article. The 1929 $20 bill features an image of Andrew Jackson, who served as President of the United States between 1829 and 1837.

There is not a single 1929 small note which is considered rare for its type. Its value is primarily derived from the bank that issued it and its serial number. Most of the 1929 $20 bills are valued from $40 to $400, but in the case of this bill the value is much higher. Collectors are looking for notes which feature the 000001 serial number, because these are some of the rarest. It should also be mentioned that 1929 was the first time where national banks around the country were able to issues notes which are the same size as the U.S. currency used today, and this is the only national bank to showcase Andrew Jackson’s image.

When searching for this bill online or in local currency/coin shops, it is essential to remember that rarity alone is not enough to make a bill valuable. The location for the bank which issued it should also be taken into consideration. Additionally, first charter bills or brown backs which were issued during a state’s territorial period will often be much more valuable than the notes which were issued after it became a state.

Background

Andrew Jackson was America’s seventh president. Prior to becoming Commander in Chief he also served as a lawyer and soldier, and would become a general in the army. He believed in expansionism and also fought for the rights of average citizens against an aristocracy which he believed had become corrupted.

Jackson was born and raised in the Carolinas when this region was still a colony. However, during his tenure in the U.S. Senate he represented the state of Tennessee. He also acted as that state’s Supreme Court Justice between 1798 and 1804. He was associated with the Tennessee militia and would become colonel in 1801, after which he led a series of campaigns during the Creek Wars from 1813 to 1814. As U.S. President he is most famous for its battles against Native Americans and the banking establishment, and was the first President to completely pay off the country’s national debt.