Friedberg 1199. 1913 $50 Gold Certificate. PMG Gem Uncirculated 66 EPQ. Just two examples of these Teehee-Burke signed 1913 $50 Gold Certificates have achieved a grade of Gem Uncirculated 66 EPQ from PMG. It is flawlessly produced and has bright, well margined paper, sharply printed engraved design elements and brilliant golden overprints. The portrait of Ulysses S. Grant is at center. A large golden 50 is at left while a like colored scalloped Treasury Seal is at right. The back printing displays brilliant orange-gold color and sharp detail to the intricate design.No 1913 $50 Gold Certificates have been graded finer by PMG. This example exudes quality and collectors of Gold Certificates would be proud to have a note of such quality in their collections. This is a great opportunity to obtain an outstanding representation of the type.The 1913 and 1922 series featured a portrait of President Ulysses S. Grant with gold imprints to the left and right. They were backed by gold coins (mostly double eagles) stored by the Treasury Department, which regularly published an accounting of them. The back was printed in orange-gold ink that tended to fade. Notes like this one with bright orange color on the back, are worth more than those where the ink has faded.By 1913, Gold Certificates had taken the place of gold coins in many transactions. They were easy to store in quantity and could be readily converted into double eagles (the most popular denomination by far at the time) or other values. So far as we can learn, Gold Certificates circulated more widely west of the Rocky Mountains than they did in the East or Midwest. <em>From Heritage/Currency Auctions of Americas sale of September 2001, lot 7073. </em>
