Fr. 197a. 1863 $20 Interest Bearing Note. PMG Very Fine 25 Net. Repaired, Split.,There are just 26 known examples in all grades, the note is 100% original displaying a lovely cherry red seal, serial numbers and bold green under prints on the face and an impressive back design that is mesmerizing. Embossing is clearly evident and the assigned grade fails to do this note justice as the eye appeal is mind blowing. Surely this note would have received a "EPQ" designation however there are few closed splits/tears which PMG calls "Repaired Split". One would need to view this note physically to grasp the true beauty it has to offer. We sold an nearly identical note, a PCGS Very Fine 25 in 2015 for just shy of $62,000. While that note was comment free, its eye appeal is nearly identical to this piece. These "Middle of the Book," notes are ones that always create a gaping hole in most collections and this excellent example would be a sensational way to bridge that gap.