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20 Dollars Federal Reserve Note, small portrait

Issuer Federal Reserve System
Year 1963-1988
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Value 20 Dollars (20 USD)
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Obverse description Intaglio-printed portrait of President Andrew Jackson is centered within an oval vignette, flanked to the left by the green Federal Reserve Bank seal and to the right by the green Treasury seal, all over a finely engraved guilloche underprint. Serial numbers appear at lower left and upper right in green ink, with issuing authority and obligation inscriptions arranged across the upper and lower registers. The denomination TWENTY DOLLARS is lettered at bottom center in intaglio.
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Protection type Security thread
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Comments

The "small portrait" designation separates this generation of the $20 from the post-1996 redesign, which enlarged and repositioned Jackson's image as part of a sweeping counterfeiting deterrent program prompted largely by the rise of high-quality color photocopiers and desktop scanning. The security thread — a polyester strip embedded vertically in the paper reading "USA TWENTY" — was added from the 1990 series onward within this pick range, meaning earlier notes in this catalog grouping lack it entirely.

The 1969C series is worth flagging: it was the first to drop the "will pay to the bearer on demand" clause, reflecting the final severance from any redemption obligation following Nixon's 1971 suspension of dollar-gold convertibility.

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