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This is a very nice Fr.-1225H or a 1900 $10,000 large size Gold certificate and a tough example to find in a PCGS-64 grade. The GEM-65 grades commonly sell for over $10,000. The serial number is M59576 and it resides in a PCGS-64 holder. This example is the punch holed cancelled version vs the CUT out example which is less desirable because of the big holes.

This is also a nice problem free with no issues. Most of the examples have major water damage when they were thrown out the window from the BEP fire back in 1936. These notes are also one of the few notes printed by the BEP that are not currently redeemable as the were previously redeemed years ago. You can also see the signature on the back of the person who redeemed this note.

These are in high demand and collectible, especially in this Choice Uncirculated grade.

At this price this beauty will not last long.

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