Fr. 267. 1891 $5 Silver Certificate. PMG Gem Uncirculated 65 EPQ.，Bold ink colors are particularly striking on this beautifully preserved note. The paper is fresh and bright, nicely showcasing the printed design, while the broad and mostly even margins create nice frames to the compositions. As with the other issues of the Series of 1891, this note bears a new back design, replacing the ornate back of the 1886 issue with one featuring more open areas in an effort to deter counterfeiters. <p><p>The portrait of Ulysses S. Grant on the 1886 and 1891 $5 Silver Certificates was engraved by Lorenzo Hatch working from a fine photographic portrait taken during or perhaps just before Grants presidency. Hatch was something of a prodigy, having come to the attention of the BEP chief by way of a copperplate engraving he did of George Washington when he was 16 (according to Gene Hesslers <em>The Engravers Line</em>). He became the youngest apprentice at the Bureau shortly thereafter at the age of 18, and retired from there in December 1887, while the Series of 1886 notes were still being released.，From the A.J. Vanderbilt Collection. Earlier from The Atlantic Collection, Lyn Knight, November 1999, lot 578; Jay Parrinos Fixed Price List, February 2002; CAA/Heritage, May 2002, lot 2659; Lyn Knight, November 2007, lot 1440; Action Currency, June 2012.，
