The twenty-dollar note is a denomination of United States money. Since 1928, the front of the note has featured a picture of Andrew Jackson, the seventh president of the United States, while the reverse depicts the White House.
As of December 2018, a $20 note in circulation has an average life of 7.8 years before it has to be replaced due to deterioration. In 2009, $20 banknotes accounted for almost 11% of all notes issued. Federal Reserve Banks send twenty-dollar notes with violet straps.
$1, $2, $5, $10, $20, $50, and $100 banknotes are now issued by the Federal Reserve. The printing of notes with denominations greater than $100 ceased in 1946, and they were formally removed from circulation in 1969. These notes were mostly utilized in interbank transactions or by organized crime, which caused President Richard Nixon to issue an executive order prohibiting their use in 1969. They became obsolete with the introduction of electronic banking. The $500, $1,000, $5,000, $10,000, and $100,000 bills were all printed at the same time. Except the $100,000 bill (which was only created as a Series 1934 Gold Certificate and was never publicly circulated; consequently, it is illegal to possess), these bills have become collectors' treasures and are worth more than their face value to collectors.
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