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    A Very Beautiful Technicolor Twenty From the Philpot Horde

    Fr. 1180 $20 1905 Gold Certificate PMG Choice Uncirculated 64 Net.
    This Technicolor twenty has glowing colors, huge margins and deep, original embossing. The note comes from a small hoard of high grade Twenty Dollar 1905's that William Philpot purchased from a friend who had worked at the Treasury Department. There were originally 25 notes in the group that were not consecutive, but all came from the pack that began A4043___. Many of the notes in the group have picked up minor problems over the years, but we cannot recall ever seeing one with a pinhole. PMG has commented, "closed pinhole" on this otherwise stunning Technicolor twenty. We think we see what they might be referring to, but are not at all convinced that it is a closed pinhole. It is also possible that we are looking at the wrong spot. Whatever defect may or may not exist, it has little or no effect on this gorgeous note. It is certainly a possibility if not a probability that on a regrade this would not be mentioned. Over the last decade, eight 64s from this horde have auctioned, six PPQ and two with out. They ranged from a low of $27,000 to a high of $54,000. The Net grade here will certainly have some effect on the price and we expect a result toward the lower end of this range. Should that result transpire this note may prove a great bargain.

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    ‡ The owner placed a late bid on this unreserved lot and repurchased it, subject to applicable commission.

    Auction Info

    Auction Dates
    September, 2017
    6th-12th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 7
    Lot Tracking Activity: N/A
    Page Views: 1,009

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