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Value of Twenty Dollar Interest Bearing Treasury Note from 1864

Year: 1863 / 1864
Type: Interest Bearing Treasury Note
Denomination: Twenty Dollar Bill

Picture of a $20 dollar interest bearing treasury note bill with Abraham Lincoln's face on it from 1863 and 1864


Twenty dollar interest-bearing treasury notes from 1863 or 1864 are rare with only about 40 known to exist. These old treasury interest notes are so rare that the only factor when determining value is really the condition. If you are unsure about the old bill you have we are always happy to help. Attach clear photos and email us at or visit our contact page so we can analyze it.

History: Twenty dollar interest bearing treasury notes were only printed in the United States during 1863 and 1864. The 1864 $20 interest bearing notes have a picture of Abraham Lincoln on the right side of each bill. Interest bearing treasury notes came in many denomination, with the twenty dollar denomination being the second-lowest. In the late 1800s these old bills traded hands frequently, so most known examples are heavily worn. Remember, this was during a time in U.S. history when the state of the nation during the Civil war was in crisis, anyone who didn’t redeem these bills for their interest at the time was either supremely confident or extremely ignorant. This fact alone is why there are so few interest bearing notes known to exist.


Picture of 1863 $20 Interest Bearing Treasury Note

1863 $20 Interest Bearing Treasury Note

Depiction: Bust of Abraham Lincoln at right. At the lower center is a mortar firing. At the left is a female allegory representing Victory.

Nickname: These $20 bills don’t have a true common nickname outside of 1863 $20 Interest Bearing Treasury Notes.

Interesting Facts: The interest bearing treasury notes were issued by congress because of the financial crisis occurring during the American Civil War. These $20 interest bearing notes only had three separate years of issuance, meaning the time they had to compound interest was limited. While this fact doesn’t always directly impact value, there are certain collectors who collect twenty dollar interest bearing notes by their year of issuance.

Value & Information: Value for interest bearing twenty dollar treasury notes are strictly based on condition.

There are two different types of 1864 interest bearing treasury notes. The two types are distinguished by who they were printed by, and one can be worth considerably more than the other.

Many are worth $5,000. The rarer types can be worth up to $50,000. When we do see interest bearing notes, they’re typically on the higher side. Please do your research before selling your interest bearing treasury note, or contact us for assistance.

This is one of my favorite types due to its beautiful color and design. I’ve been fortunate enough to handle many $20 interest bearing treasury notes. To know exactly the value of your particular bill, all you need to do is send me clear photos so I can analyze it better. Your bill could be worth a few thousand, or tens of thousands. You will never know if you don’t ask us!

Inscriptions: Legal Tender For Twenty Dollars – Treasury Note One Year After Date The United States Will Pay To The Bearer With Five Percent Interest Twenty Dollars – Act of March 3rd 1863 – Register Of The Treasury – Treasurer Of The United States – This note is a legal tender at its face value excluding interest, for all debts public and private, except duties on imports and interest on the public debt, Counterfeiting or altering this note, or passing any counterfeit or alteration of it, or having in possession any false or counterfeit plate or impression of it, or any paper made in imitation of the paper on which it is printed, is felony, and punishable by $1,000 fine, or 15 year imprisonment at labor or both.



We purchase $20 interest bearing treasury notes from 1863 & 1864. Send us a photo to and we will respond within 24 hours with any information we can provide along with our best offer!

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