Rare NY WatermarkT21 $20 1861. This example carries the desirable New York watermark. Listed as PF-4, this rare note was printed on smuggled Yankee paper. T-21's are much scarcer than T-24's on this paper. This Fine+ note with a pinhole is the fourth finest known and enjoys a Rarity-7. ex-Cowan, Vallance, Fricke collections.
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