The Farmers and Exchange Bank $20.00 Note
This numbered note was issued from the Farmers And Exchange Bank of Charleston, South Carolina. On the left of the note is a scene with palm trees and cotton bales, and on the right is a portrait of George Washington. The intricate colored design on the bank made counterfeiting very difficult. At one time it was perfectly legal for any bank, company, or even individual to issue paper money. The money was only as good as the reputation of the issuer. This practice was outlawed when the U.S. government started issuing its own paper money regularly, during the Civil War.
This is original currency, not a reproduction.