Fr. 372 $20 1890 #A3 PMG Gem UNC 65 EPQ

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Large Size Type Notes > Treasury Notes

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Fr. 372 $20 1890 #A3*
Grade: PMG Gem UNC 65 EPQ    

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Design 93. Large brown spiked seal. This is the ornate back Treasury Note of 1890 that has the Rosecrans-Huston signatures and the large brown spiked seal. The portrait of John Marshall, Chief Justice of the Supreme Court from 1801 to 1835, graces the $20 Treasury Notes. He was the only person used in this series that was not involved in the Civil War. This is the lowest serial #A3 known to exist. In 2006 Heritage sold #A5, a PMG 67, at $115,000 while this note realized $92,000 in June 2007. This note has impecable quality with beautifully fresh paper, bold inks and wonderful centering for the grade. No doubt a note for serious collectors like the previous owners that includes Bluestone, B. Max Mehl and Schermerhorn. This magnificent note is first recorded from the Grinnell Sale on November 25, 1944, Lot 216 at $60. From there it went to Robert Schermerhorn, Herman Halpern and through CAA in 2001. There were 488,000 notes printed, and 59 serial numbers recorded. Only five UNCs, with this seal and type are shown in the Gengerke census, and I will promise it is a rare occasion to find one. Eight of the 59 pieces recorded are permanently impounded. The quality of this note is spectacular with exceptional color, lovely centering and complete originality of the paper.

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