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Fr. 127 $20 1869 Legal Tender PMG Gem Uncirculated 66 EPQ.. ...
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Sold on Feb 3, 2012 for:
$46,000.00
Bid Source: Live: Floor bidder
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Description
Gorgeous $20 Rainbow Graded PMG Gem Uncirculated 66 EPQ
Fr. 127 $20 1869 Legal Tender PMG Gem Uncirculated 66 EPQ.Rampant counterfeiting of United States Notes led to numerous changes reflected in the Series 1869 Notes. The first major change was the paper, which incorporated heavy colored fibers and a swath of blue color that could be seen from the front and back. A large red seal, blue serial numbers and intricate green back were among the other changes made to thwart counterfeiters. The array of color in the design details resulted in a nickname, "Rainbow Notes," by collectors. The designs are so popular they are revered by collectors, with the finest specimens commanding huge premiums as they most accurately display the brilliance of the design. The margins on this example are as large as one will find on a note that is not graded Superb. Each of the colors is brilliant, with this note likely falling in the top 5% of all specimens that we have laid eyes on. No finer examples have been offered in over two years and in January of last year, we sold a PMG graded Gem Uncirculated 65 EPQ that realized just over $40,000. That number should easily be topped this evening.
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Auction Info
2012 February 3 Currency Signature Auction - Long Beach #3515 (go to Auction Home page)
Auction Dates
February, 2012
3rd
Friday
Bids + Registered Phone Bidders: 7
Lot Tracking Activity: N/A
Page Views: 1,644
Buyer's Premium per Lot:
15% of the successful bid per lot.
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