Lot 3510
1891, $20 Treasury Note. PMG graded Gem Uncirculated 65. . Fr-375. . KL-596. The comments on the back of the grading insert read "exceptional paper quality, great embossing," statements which we cannot disagree with despite not being able to fully examine the note through the PMG holder. The colors appear bold and bright, and the centering and margins are adequate for the grade, although the back design is too close at the top for a higher grade. A true rarity in this grade, as we have seen no example from either of the two major services with a higher grade.
Estimated Value $17,000 - 20,000.
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| Realized $20,988 |
