Fr. 126b $20 1863 PCGS Apparent Very Ch. New 64

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Large Size Type Notes > Legal Tender

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Fr. 126b $20 1863
Grade: PCGS Very Ch. New 64 PPQ    

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Design 19. Small red spiked seal and two serial numbers. PCGS notes repaired edge tears top right. A wonderful classical design of Liberty holding a sword and shield. This was also the design chosen for the earlier Demand Note $20. This beautifully designed note has all of the traits used in this collections formation. The centering is excellent as is the paper quality, except where it was restored along the upper right, hence the Apparent grade. A hoard of both $10 and $20 1862s were dispersed before I was in the business and many have, or had the same flaw. The fact is that they are beautiful and worthy of a special collection. Remember that careful inspection of all $10s and $20s of this issue is necessary. The color and centering of this example are excellent. Current census indicates 152 notes known with 1 other at this grade and 4 better.

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