1922 $20 Gold Certificate (Fr. 1187)

A pleasing VF gold twenty with strong eye appeal - the orange overprint pops and the black inks remain bold against evenly handled paper. Margins are balanced with no distracting corner issues, and the note retains solid body with honest circulation. The reverse shows a bright, well saturated orange that has not faded or washed out. PMG notes pinholes, but the surfaces are otherwise sound and problem free for the grade.