Fr. 824 (W-2306-G). 1915 $20 Federal Reserve Bank Note. Chicago. PCGS Gem New 65 PPQ.，This is a difficult Friedberg variety to obtain in Gem grades or higher. This amply margined and darkly printed $20 displays all of the qualities one could ask for in a high grade type note. Bold overprint embossing and natural paper wave are seen from the back of the note. Just four notes have achieved a 66 grade from both services combined.<p><p><p><strong>$20 Federal Reserve Bank Notes, Series of 1915</strong><p>The Series of 1915 notes have President Grover Clevelands portrait to the far left, to allow room for the imprint of the Federal Reserve Bank and city. The back has two dynamic views of transportation. To the left is a steam locomotive and train racing down the tracks, and to the right is a large passenger steamship at full speed heading out of New York Harbor with the Statue of Liberty in the distance. Only six of the 12 Federal Reserve Bank districts issued notes of this denomination.<p>Series of 1915 notes have "SERIES OF 1915," the date "MAY 20, 1914," and in two curved lines above the center of the bottom border, "AUTHORIZED BY THE FEDERAL RESERVE / ACT OF DECEMBER 23, 1913." At the top center of the Series of 1915 notes is the security provision: "SECURED BY UNITED STATES BONDS DEPOSITED WITH THE TREASURER OF / THE UNITED STATES OF AMERICA."<p>The print run of F-824 (W-2306-G) is estimated as 80,000 with fewer than 50 notes surviving today.，From the Joel R. Anderson Collection of United States Paper Money, Part I. Earlier from Christies September 1994 sale, lot 63; Spink Americas May 1995 sale, lot 393; Lyn Knights June 1996 sale, lot 143; Lyn Knights March 2001 sale, lot 661; Bowers and Merenas November 2008 sale, lot 5388; Heritage Auctions April 2013 sale, lot 18144.<p>，
