Fr. 825 $20 1918 Federal Reserve Bank Note PCGS Very Fine 30 Apparent. The $20 FRBN is a difficult type note to acquire, and only five of 12 districts issued them. This very rare Friedberg number has only 26 St. Louis $20 Federal Reserve Bank Notes enumerated, with the highest-grade specimen reported to date grading About Uncirculated. A titled bust of Grover Cleveland is at left on the face. Marcus W. Baldwin's transportation vignette known as \"Air, Sea, and Land\" is on the back. A train, car, and biplane are at left. At right, the Statue of Liberty is shown with an ocean liner and tugboat. This is a new addition to the census from the Newman Collection. PCGS notes some \"Minor Stains on Back in Margins.\" Deep color, balanced margins, and bright paper are the highlights of this lightly circulated example. Ex: Eric P. Newman Numismatic Education Society\n\n
From Newman VIII (Heritage Auctions, 11/2017), lot 28285, realized $5280. Image and description courtesy of Heritage Auctions, https://ha.com.
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