Friedberg 40*. 1923 $1 Legal Tender Star Note. PMG Choice Uncirculated 63 EPQ. This always popular large size replacement type is represented by just a single catalog number. Fortunately for collectors high grade examples are available, due to a serial number run of such pieces from which the presently offered note hails. The overprints on this note are bright red and boldly embossed. A red five pointed star with hollow center precedes the 4408D serial number at lower left and upper right. The engraved design elements are darkly inked and display vivid detail. Plentiful margins frame the printed design nicely. The grading service has added an "& Embossing" comment to the end of their EPQ qualifier attesting to this notes unabashed quality. Adding to this notes wonderful appeal is its pedigree which can be traced back to the legendary collection of Louis E. Eliasberg. The $1 Legal Tender Notes of the Series of 1923 were a one year design type bearing only the Speelman-White signature combination. This ended decades of the previous design which with modifications had been in use from the Series of 1869 to the Series of 1917. A new portrait of Washington, engraved by G.F.C. Smillie, featured the first president facing right rather than left as in the previous design. This design was also more open than previous versions, as the Treasury Department believed that large open areas on notes made detecting counterfeits easier. <em>From our (Bowers and Merenas) sale of the Louis E. Eliasberg, Sr. Collection, April 1997, lot 418 (cut sheet of four).</em>
