All Red Seal U.S. notes carry that motto so it's not a
distinguishing feature. Depending on its condition and whether it
has a series letter (a single character) right after the date, it
could be worth anywhere from face value to about $30.
The only $20 bills printed in the 1934 series were Federal Reserve Notes so I'm assuming that's what you have. In worn condition most of these retail for about $22 despite their age. In better shape the retail price depends on what series letter, if any, is next to the date. Series D bill retail for up to $30 in excellent condition, Series C up to $28, and the rest up to $24. FWIW, the last $20 silver certificates were issued in 1891. The wording "will pay to bearer on demand" is found on older FRN's but was removed from later series.
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