Auction Name: 2026 January 13 - 16 FUN U.S. Currency Signature® Auction

Lot Number: 20531

Shortcut to Lot: HA.com/3600*20531

Ivanhoe, MN - $20 1929 Ty. 1 The Farmers & Merchants National Bank Ch. # 11627 PCGS Very Fine 20.
This very scarce note comes from a Lincoln County bank that was only in business from 1920 until its liquidation just ten years later in 1930. It hails from the third of three note issuers in this small community that was named after Sir Walter Scott's novel Ivanhoe in 1901. This $20 is one of just six small size reported, but, more importantly, it is only the second piece to be publicly offered since the sale of The Marco Biondich Collection in 1998. Displaying just honest wear, it has decent color and solid paper for the grade.

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