Here we offer the finest example of this Friedberg variety we have handled, and one of just two graded at this Superb Gem New level with none finer. Of the two seal variants featuring the Rosecrans - Huston signature combination, this large red seal type is by far the scarcer. There are just 11 certified Uncirculated examples known, compared with 47 certified pieces in the Uncirculated range for Friedberg 263 (the brown seal variant), according to the PCGS Currency population report. The high contrast of the large bold Treasury seal against bright, fresh white paper stock is particularly appealing and enhances a superb impression of the design. Large and even borders frame the design and the paper is appealingly original throughout. The all-important back design is the most pleasing we have handled, even considering all of this catalog number. This is certainly one of the most recognizable and popular Silver Certificates among both coin and currency collectors as the back depicts an obverse of a contemporary "Morgan" silver dollar at center with two reverses flanking. This is key type note for anyone gathering a large-size federal collection as well as a worthy candidate for a collector who seeks only the finest of available material. This type was voted as #21 in the book by Q. David Bowers and David Sundman, The 100 Greatest American Currency Notes. As the market price for Friedberg 259 through 265 inclusive is mainly on the type, not the variety, a rare note such as this, while hardly inexpensive, is considerably less costly than it would be if collecting by varieties were more popular. Across the American numismatic landscape, collecting by varieties has indeed increased in the number of participants in recent years. Accordingly, we would not be surprised if more people collected paper money this way. They already do in small size notes., Est. $50,000-$75,000