Freehold, New Jersey. Freehold Banking Co. February 1, 18xx. $20. PCGS Gem New 66 PPQ. Proof. Hole Punch Cancelled.;(NJ 155-UNL). Baldwin, Bald, Cousland & Co./Bald, Cousland & Co. India paper only. Full red lace tinting across the note. The tint outlines large "20" in the center. Ceres and Liberty flank shield. A widely margined and nearly superb color proof. Top quality from the issuer and higher denomination sheet array ($5-$5-$10-$20).