$20 1928-B FRN Fr. 2052-L San Francisco "Redeemable in Gold" PMG Gem Unc 65EPQ

An exceptional and early twenty dollar Federal Reserve Note with the always sought-after "Redeemable in Gold" clause. Generous and even margins along with original surfaces are highlights of this San Francisco Gem! Few notes earn the "full grade" but simply calling it Gem Unc 65 EPQ wasn't enough for this trophy...the graders commented "Exceptional Paper Quality" AND "Great Embossing" on the back of the holder.