Fr. 126b (W-1968). 1863 $20 Legal Tender Note. PCGS Very Choice New 64 PPQ.，A well-framed and crisp example of a scarce early $20 Legal Tender type. The design features Liberty standing at center with sword and shield in hand ready to defend the Union. Ornate denomination counters flank her to left and right with a large green 20 seen at top center. This issue has the Second Obligation back layout with the text inside an oval frame. Bright paper and original embossing are also of note. In reviewing population reports, such as for this note, it is to be remembered that Joel R. Anderson often reviewed multiple notes to select one that was just right. Grading numbers are important, but eye appeal must be added into the equation.<p><p><p><strong>$20 Legal Tender Notes, Series of 1863, Second Obligation</strong><p>This issue continues the general face design used on $20 Demand Notes. At the center is the standing figure of Liberty with a sword in her right hand and with her left resting on a shield. We estimate that about 734,000 were printed. We believe that fewer than 200 can be accounted for today.<p>Printed on plate for F-126b (W-1968): March 10, 1863. Printed signatures of Chittenden and Spinner. "American Bank Note Co. New York" at bottom border. Treasury Seal nearly at far right and slightly low. Red serial numbers at lower left and upper right. Without (plate 3) and with flourishes around plate letter. New Series 21 to 28.，From the Joel R. Anderson Collection of United States Paper Money, Part I. Earlier from RARCOAs Fall 1976 Fixed Price List.，
