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    Description

    Likely the Finest Known $20 Demand Note

    Fr. 12 $20 1861 Demand Note PMG Very Fine 20. This ex-Grinnell Friedberg 12 may well be the finest $20 Demand note of any number. According to Track & Price, the only note grading higher than this 20 is a 40 (which is also this note). Needless to say, grading of excessive rarities can be wildly varied, and while the two major grading services come under considerable criticism, people's gripes tend to be about hair-splitting at the high end. In grades between 6 and 20 where most known Demand notes reside, both grading services are doing a highly credible job. Were all the $20 Demand notes in PMG and PCGS holders, it is exceedingly likely that none would exceed this unrestored, problem-free VF 20. The colors are spectacular, the margins complete at all points, and both of the hand-applied signatures are dark and clear. Demand Notes were the original green backs, and in fact, their overall very busy green backs are the very origin of that still-used term. Fives and Tens are collectible, but this highest denomination, the $20 Demand Note, is a type that most collectors only dream of owning. Nine of the twenty-six known $20 Demand Notes are damaged and/or restored, and two are permanently held in museums, leaving a mere handful of problem-free notes for collectors. This one sits at the top of that small group as the finest available.
    From The Dr. Edward and Joanne Dauer Collection


    View all of [The Dr. Edward and Joanne Dauer Collection of Demand Notes ]

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    Auction Info

    Auction Dates
    September, 2008
    17th-21st Wednesday-Sunday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 1,171

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