Fr. 1176. 1882 $20 Gold Certificate. PMG Choice Uncirculated 64 EPQ.Similar in composition to those that feature the oft-seen Lyons - Roberts signature combination. This note is anything but the typical example of this long-lived series date that was finally dropped for the $20 denomination with the introduction of the Series of 1905. Here one may notice the threaded security paper typical of the 1880s furnished by the Crane Paper Company and the brownish-red Treasury overprint that would later be dropped when the Lyons - Roberts notes entered circulation around the time the Gold Standard Act came into effect in 1900. The engraved signatures of Bruce and Wyman who served concurrently from 1883 to 1885 may also be observed along the bottom margin. These distinctions even when discounting the exceptional grade assigned by PMG are already remarkable on their lonesome, but when held together with the fact that this note represents one of the finest known specimens for its Friedberg Number elevates it to an extraordinary level. Most survivors for this Friedberg Number are recorded below the grade of Extremely Fine and often come in the company of minor impairments that warrant comments like "Edge Restorations" or "Minor Repairs." Instead, this note managed to earn the EPQ designation from PMG for "Exceptional Paper Quality" which is seldom ever applied to rare notes like this one and further stands as the finest to be offered since 2007 when this very same note realized $134,750 at auction. Truly an opportunity for the collector seeking to build a collection composed solely of elite and exceptional notes. PMG Pop 1/1 Finer.From the Shores Collection Part II.
Provenance: Morey Perlmutter; Harry Bass Research Foundation; Bowers & Merenas sale of May 1999, lot 195; Heritage sale of September 2006, lot 18225; Lyn Knight sale of June 2007, lot 103.
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