1922 $20 Gold Certificate (Fr. 1187)

A pleasing mid-grade example with confident eye appeal - the orange seal and serials remain bright against well-contrasted black inks. Paper retains solid body with original surfaces and honest circulation, and the margins are balanced for the type. The reverse orange remains lively and evenly printed. A single strong horizontal center fold is present, but otherwise the note is free of distractions. Nicely presented in a clean PMG holder.