US $20 1928B Fr#2052-L★ Federal Reserve Note Star Note PCGS 25 Very Fine

• Country: United States
• Denomination: $20 USD
• Series: 1928B
• Catalog Reference: Fr#2052-L★
• District: San Francisco (L–12)
• Type: Federal Reserve Note
• Signatures: Woods–Mellon
• Certification: PCGS Banknote
• Grade: Very Fine 25
• Seal Type: Dark Green Seal (DGS)
• Serial Number: L00107489★
• Portrait: Andrew Jackson
• Printer: Bureau of Engraving and Printing (BEP)

A classic and historically significant $20 1928B Federal Reserve Note, cataloged as Fr#2052-L★, certified PCGS Very Fine 25. This example is a Star Note, printed as a replacement for a damaged sheet — making it scarcer and highly collectible among small-size U.S. currency enthusiasts.

This note features Andrew Jackson, the seventh President of the United States, with a Dark Green Treasury Seal (DGS) and matching serial numbers printed in green ink. The small-size 1928 series marked the first issue of modern-format Federal Reserve Notes, establishing the design template still used today.

Despite light circulation, this piece retains strong detail, even color, and crisp paper with excellent eye appeal. Notes from the San Francisco district (L–12) with the Star suffix are particularly sought after, combining scarcity and visual character.

Background Information

Introduced in the late 1920s, the Series of 1928 Federal Reserve Notes represented the first small-size format for U.S. paper money, replacing the larger notes of previous decades. The 1928B $20 series is notable for its dark green Treasury seal and numerals, a feature that collectors refer to as DGS (Dark Green Seal) — distinct from later light green variants.

The Fr#2052-L★ variety indicates the San Francisco Federal Reserve District with the Star Note replacement designation, identifying it as a note substituted for one damaged during production — making it scarcer than standard issues.