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    Description

    Finest Known Friedberg 1176 $20 Gold Certificate

    Fr. 1176 $20 1882 Gold Certificate PMG Gem Uncirculated 66 EPQ.
    Series 1882 $20 Gold Certificates were issued for more than 18 years. However, there was a huge gap between 1891 and 1898, where no new plates or print runs were ordered. The gap leaves us with five signature combinations from the "early issues" and a lone signature combination for the "later issues." Those intervening years were the entirety of the Panic of 1893 which ravaged the country until around 1898 when the unemployment rate dropped and money began to move. Just 8% of the total number of printed 1882 $20 Gold Certificates are from this early issue, and the survivors are quite scarce. This note and one other PMG 66 EPQ Fr. 1177 represent that two finest known notes from that early time period, and feature one of two different brown seals. The margins are as large as one will find for the type, with a deep wheaten gold underprint on the face. The paper wave and embossing that can be seen through the holder are unmistakably original.

    This piece is an incredible anomaly for grade rarity for early 1880s issued type notes. With no previous public auction sales records for this note, we will briefly focus on the next highest graded note. In 2007, a PMG Very Choice New 64 EPQ made an auction appearance as part of the Highland Park Collection. It realized $143,750. It was not until 2008 that the market "ran away," and we feel like today's market is very comparable to 2007 in terms of prices and overall interest for major rarities. This price then is what we expect to be at the very least, the jumping off point for this note and should surpass the $200,000 mark.


    Auction Info

    Auction Dates
    January, 2019
    9th-14th Wednesday-Monday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
    Page Views: 964

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