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    Rare Fr. 1174 $20 Brown Seal Gold Note

    Fr. 1174 $20 1882 Gold Certificate PMG Very Good 10.
    The earlier $20 Gold Certificates authorized by the 1863 acts are exceedingly rare and thus essentially uncollectible. These notes were issued under the act of July 12, 1882. They feature the recently assassinated James A. Garfield at the right end and have gold overprints. The orange backs feature Ocean Telegraph, engraved by George D. Baldwin, with an eagle and flag vignette; this image commemorates the 1858 laying of the trans-Atlantic telegraph cable (as cited in Friedberg). All the 1882 $20 brown treasury seal gold notes are rare to extremely rare. Fr. 1174s are encountered occasionally, but they are generally worn like this note. Track & Price currently documents 26 examples, with a handful being high-grade notes. Though this rarity may be toward the lower portion of the condition census, it is in a comment-free encapsulation. The face has retained most if its colors - remarkable, considering its circulation. The back does exhibit some soiling. Mike's note is ex: our CAA, January 1999 sale, lot 1559, where it realized $2,265. A very collectible note and a difficult type to obtain in any grade.
    From The Mike Coltrane Collection.

    Estimate: $1,500 - $2,500.

    Auction Info

    Proxy Bidding Ends
    4th Wednesday 4:50 pm CT
    Auction Dates
    4th-5th Wednesday-Thursday
    Proxy Bidding Time Remaining
    15 Days 8h 56m 31s
    Bids + Registered Phone Bidders: 8
    Lot Tracking Activity: 11
    Page Views: 58

    Buyer's Premium per Lot:
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    This lot is in: 1 - Heritage Signature® Auctions Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live):
    (Lots 25001-25282) - 5:00 PM Central Time, Wednesday, November 4, 2020.
    (Proxy bidding ends ten minutes prior to the session start time. Live Proxy bidding on Heritage Live starts 24 hours before the live session begins and continues through the session.)

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    Additional Location Info:
    Heritage Auctions
    2801 W. Airport Freeway
    Dallas, TX 75261

    Current Bid:
    w/ Buyer's Premium (BP) : $1,201.20 Minimum Next Bid: $1,050 ($1,260.00 w/ BP)
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