Fr. 974. 1914 $20 Federal Reserve Note. Philadelphia. PCGS Gem New 65 PPQ.,A remarkable offering of this Gem quality Philadelphia District Federal Reserve Note that certainly will be a lot carefully observed by collectors. The note sits atop the PCGS population report with just one other. $20 denominations are quite scarce at this lofty Gem state with any district considered. Lovely embossing of the overprints is viewed through the encapsulation surface and bold face and back impressions bring out extraordinary detail.