Fr. 1168 (W-1531). 1907 $10 Gold Certificate. PCGS Superb Gem New 67 PPQ.

Fr. 1168 (W-1531). 1907 $10 Gold Certificate. PCGS Superb Gem New 67 PPQ.，This is a wonderfully well preserved and superbly centered Vernon-McClung 1907 $10 Gold Certificate. Punch through embossing of the gold overprint is easily noticed when gazing across the back. The note displays spectacular print quality with the full design executed in sharp detail. The back design is in brilliant orange ink and displays a healthy dose of blue and red security threads intended to thwart counterfeiters. Neither PCGS nor PMG has graded an example of this catalog number above the 67 level.<p><p><em></em><p><strong>$10 Gold Certificates, Series of 1907</strong><p>The face of this type bears the portrait of Michael Hillegas (Treasurer of the United States 1775-1789), engraved by G.F.C. Smillie from a painting by A.M. Archambault. The inscription on the face states $10 in gold coin has been deposited in the Treasury as backing for the note and is payable on demand. Large quantities of $10 and, in particular, $20 gold coins were stored in bags by the Treasury as security for Gold Certificates of various denominations. Hillegas was important in finances during the American Revolution and was charged with the distribution of Continental Currency during that time. In the early 20th century his descendants successfully petitioned the Treasury Department to include his image on paper money. All have a gold Treasury Seal with scalloped border. All have serial numbers in small digits.<p>The back, printed in bright orange-gold, includes the Great Seal within a scalloped border.<strong> </strong>These notes first appeared in circulation on July 1, 1907. It was reported that bankers were confused by the gold backs, which were difficult to evaluate at quick glance, making counting difficult. The orange-gold color tended to fade. Today, notes with bright backs are worth more than those with faded color, regardless of the grade. The Joel R. Anderson Collection note is top of the line in this regard!<p>The print run of F-1168 (W-1531) was 17,476,000. Today fewer than 125 are thought to survive.，From the Joel R. Anderson Collection of United States Paper Money, Part I. Earlier from Heritage Auctions sale of April 2006, lot 17321.，