1922 $50 Gold Certificate (Fr. 1200)

Fresh, original paper with the well deserved PPQ designation and notably strong eye appeal for an XF. The inks are bold throughout, with vivid orange overprint and a deep, even black frame; the back retains bright, saturated color with only light circulation toning. Embossing still pops at the serials, and the margins are pleasingly balanced, just a touch tighter at right. Typical light vertical folds account for the grade. A crisp, problem free example in an old PCGS Currency holder.