What’s my Twenty Dollar Gold Certificate Worth?
$20 Gold Certificates can be worth a lot of money depending on a number of factors that we’ll go over in this paper money guide. As you can see from above, $20 Gold Certificates came in eight different dates: 1863, 1882, 1905, 1906, 1922 & 1928.
The bill pictured above is a Small Size Gold Certificate $20 bill from 1928. $20 Gold Certificates from all other dates are Large Size bills meaning much larger than the money found in your wallet today.
The value of $20 Gold Certificates can be anywhere from $70 to over $1,500 depending on factors we’ll cover in the rest of this guide. We love buying all Gold Certificates that were printed in the United States. If you have old paper money and you’re interested in getting it valued, contact us today and we’ll give you our best offer.
Figuring out how much your $20 Gold Certificate is worth is a combination of multiple factors that lead to determining the value of the banknote.
Looking To Sell Your Currency Collection?
Contact us today if you have old paper money you are interested in selling for cash!
The first and arguably most important factor is supply and demand. Typically with most Gold Certificates, the older the bills had smaller print runs than later issues, meaning less supply and oftentimes more demand. I’ve purchased bills from the late 1700s with incredibly low supply thinking the low supply would equate to high demand only to find this wasn’t the case.
One of the many reasons why Gold Certificates have the demand they do is because of their history. These $20 Gold Certificates were once fully redeemable at banks for their value in gold. This means you could bring a $20 Gold Certificate to the bank, in the early 1900s, and get $20 worth of gold in return.
Something many people don’t take into consideration is rare serial numbers. If you’re unsure what a rare or fancy serial number is, check out this guide we wrote on fancies to learn more. A fancy serial number can dramatically increase the value of a banknote, regardless of type or condition.
Condition is a pivotal factor when trying to figure out how much your $20 Gold Certificate is worth. Beat up Gold certs from 1928 are typically worth $50 to $70, while pristine uncirculated examples will fetch over $400 at times. Condition really is King and should be taken seriously when trying to determine the value of a bill. Contact us if you’re unsure how to grade your Gold Certificate as we have decades of experience in this area.
The final factor in determining the value of your $20 Gold Certificate is the market. The market has a strong impact on how much a bill is going to be worth. Just like any market, the market for collectible paper money is constantly in flux. One of the most detrimental moments I’ve experienced while collecting and dealing with paper money was during the housing crash of 2008. The market for old banknotes nearly cut in half, as this collectible was not desirable at the time.