Skip to main content
Go to accessibility notice


    Frederick Douglass political $20 note, style of a U.S. Federal Reserve Note, but with a portrait of the great 19th century civil rights activist, and friend of Abraham Lincoln, on its face. The note states at upper center on face: African-American Face Reserve Obligation // Pay in United States Twenty Dollars. This note was issued to encourage black enterprises by its use instead of U.S. currency among participating institutions. These notes were sold for U.S. currency, but since they could only be spent in the Black Community their use assured sales to Black-owned and operated businesses. The payment clause at upper left on face reads: The face amount denomination is redeemable in U.S. dollars at participating banks. Th multi-colored black, green and red note is Series 90 (1990?). It's back has an image of the Douglass Home, Washington, D.C. and the legend "This certificate is redeemable for all trade, merchandise or services for businesses under agreement with African-American Face Reserve Obligation, or those displaying this logo. The logo of A.F.R.O. appears at upper left and upper right on back. Uncirculated.

    Shipping, Taxes, Terms and Bidding
    View shipping information

    Sales Tax information  |  Terms and Conditions

    Bidding Guidelines and Bid Increments

    Glossary of Terms

    Auction Info

    Auction Dates
    May, 2002
    17th-18th Friday-Saturday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 177
    Sold for: Sign-in or Join (free & quick)

    Heritage membership

    Join Now - It's Free

    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 36 days left to consign to the 2018 August 14 - 17 ANA WFOM Currency Signature Auction - Philadelphia!

    Learn about consigning with us

    I think heritage is the best auction house and has the best service - that’s why I use you. 
    Sara B.,
    Dubai, UAE
    View More Testimonials receives more traffic than any other auction house website. (Source:

    Video tutorial

    Getting the most out of search

    Recent auctions

    2018 April 26 - 30 CSNS World Currency Signature Auction - Chicago
    2018 April 26 - 30 CSNS World Currency Signature Auction - Chicago
    REALIZED $946,953