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    Description

    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.

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    Auction Dates
    May, 2002
    17th-18th Friday-Saturday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
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