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    Highly Attractive and Well Margined 1891 Treasury Note Twenty

    Fr. 375 $20 1891 Treasury Note PCGS Apparent Very Choice New 64.
    The Apparent grade has been assigned for a "Minor Restoration at Left near Portrait." PCGS is generally extremely careful and quite accurate, so we have little doubt that the restoration is there. We let this one get to us and have spent way too much time searching for it with no success. Let's just agree that if the restoration is there, as it likely is, it is extraordinarily well done and has no impact on the appearance of the note. In any event, this note is a beauty with excellent margins, perfect color, and tremendous eye appeal. Track & Price lists 153 examples, many of which come from a high grade hoard. This note is from that hoard. When we last sold this note at our Long Beach 2014 auction, it was in a PMG holder at the same grade and with the same comment. It is clear that the restoration is not visible through the holder but is present somewhere in the area of the portrait. The note realized $7050 in 2014 and it should do a bit better now.

    Auction Info

    Auction Dates
    Apr-May, 2017
    26th-2nd Wednesday-Tuesday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 327

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