TT FR 1186 1906 $20 GOLD CERTIFICATE 10 X MORE RARE THAN FR 1187 PCGS 65 PPQ GEM

Serial# H11490937 with the signatures of Teehee and Burke. Friedberg number 1186. Plate number A119/93. Graded 65 PPQ (Premium Paper Quality) Gem New by PCGS. A mere eight examples have been graded at this level by PCGS, with only four higher according to PCGS Population Report. Scarce in high grade this note has incredible freshness, beautiful color, and original embossing that can be seen through the third party holder. The gold certificate was used from 1882 to 1933 in the United States as a form of paper currency. Each certificate gave its holder title to its corresponding amount of gold coin. Therefore, this type of paper currency was intended to represent actual gold coinage. In 1933 the practice of redeeming these notes for gold coins was ended by the U.S. government and until 1964 it was actually illegal to possess these notes (in 1964 these restrictions were lifted, primarily to allow collectors to own examples legally, however the issue technically converted to standard 'legal tender' with no connection to gold). Enjoy! 82115xxxlc.

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$7,250.00