FR-1186 1906 $20 Gold Certificate PMG 45

Scarce FR-1186 Gold Certificate

This FR-1186 Gold Certificate is an attractive example of one of the more challenging early Gold Certificate issues available to collectors. Issued as part of the 1906 Series, this note bears serial number H13745955 and has been professionally certified PMG 45 Extra Fine to About Uncirculated. Many collectors consider this series noticeably scarcer than the more frequently encountered 1922 Gold Certificates, making it a desirable addition to advanced collections.

PMG 45 Certified Example

This FR-1186 Gold Certificate offers outstanding eye appeal for the assigned grade. The note displays strong originality, appealing color, and sharp detail throughout the design. In addition, the margins are well balanced, giving the note an attractive and desirable appearance.

It seems to have some traces of soiling that may have been washed at some point. The lower left-hand corner is particularly noticeable.However, the issue was not significant enough to warrant a notation from PMG. As a result, the holder carries no negative comments, allowing the note to maintain excellent overall visual appeal.

Bright Orange Reverse

One of the most impressive features of this FR-1186 Gold Certificate is its vibrant orange reverse. Collectors have long admired Gold Certificates for their distinctive color, and this example does not disappoint. The bright orange back remains attractive and complements the strong paper quality and sharp printing seen throughout the note.

The signatures on this note are Teehee and Burke, a desirable combination recognized by collectors of large-size United States currency.

Desirable Collector Opportunity

Population data indicates that PMG has certified only four examples at the PMG 45 grade level, while just fifty-two examples have been graded higher. These figures highlight the challenge of locating quality examples from this scarcer 1906 series.

Whether added to a Gold Certificate collection, a large-size type set, or an advanced portfolio of United States paper money, this FR-1186 Gold Certificate offers strong eye appeal, historical significance, and lasting collector demand. Its pleasing appearance, vibrant orange reverse, and solid PMG grade make it an excellent representative of this classic American currency issue.