President Roosevelt did not like mediocrity. In 1905 he commissioned Saint-Gaudens for redesigning the gold coins of $ 10 and $ 20. The modified coinage will be released two years later. His personal involvement in the improvement of paper money was not so well documented but the beauty of the new Gold certificate, also in 1905, cannot be a coincidence.
Since 1865 the Gold certificate was popular. Its design had remained unchanged since 1882 except for the two largest denominations. The 1905 modification limited to the smallest denomination, $ 20, is certainly experimental. No other federal note had such brilliant colors. Much later this emission will receive the nickname Technicolor.
The gold is symbolized by the bright yellow color of the inside part of the front size and of the letters IN GOLD COIN under the portrait of President Washington who from then replaces Garfield in the cartouche. For the first time an additional impression is made for the sole purpose of improving the visual appeal of the note. The back is a gorgeous orange-gold monochrome. In the following year they become more reasonable : the 1906 series of the $ 20 is released without the extra printing.
The two most beautiful specimens of the 1905 Technicolor are for sale in Philadelphia by two different auction houses.
On August 16, Stack's Bowers sells the Number 1, graded Gem New 65 PPQ (Premium Paper Quality) by PCGS. Its perfect state suggests that it was a presentation copy. Indeed an information accompanying the number 3 in an auction in 2005 plausibly claimed that the number 1 had been attributed to President Roosevelt. It is estimated $ 300K, lot 2051. It had been sold for $ 240K including premium by Heritage in February 2005.
The other example, graded Superb Gem 67 EPQ (Exceptional Paper Quality) by PMG, is estimated $ 120K for sale by Heritage on August 17, lot 20084. It had been previously sold by the same auction house for $ 138K including premium in April 2012 and for $ 106K including premium in January 2015.
RESULTS INCLUDING PREMIUM :
Stack's Bowers : SOLD for $ 550K
Heritage : SOLD for $ 102K
Since 1865 the Gold certificate was popular. Its design had remained unchanged since 1882 except for the two largest denominations. The 1905 modification limited to the smallest denomination, $ 20, is certainly experimental. No other federal note had such brilliant colors. Much later this emission will receive the nickname Technicolor.
The gold is symbolized by the bright yellow color of the inside part of the front size and of the letters IN GOLD COIN under the portrait of President Washington who from then replaces Garfield in the cartouche. For the first time an additional impression is made for the sole purpose of improving the visual appeal of the note. The back is a gorgeous orange-gold monochrome. In the following year they become more reasonable : the 1906 series of the $ 20 is released without the extra printing.
The two most beautiful specimens of the 1905 Technicolor are for sale in Philadelphia by two different auction houses.
On August 16, Stack's Bowers sells the Number 1, graded Gem New 65 PPQ (Premium Paper Quality) by PCGS. Its perfect state suggests that it was a presentation copy. Indeed an information accompanying the number 3 in an auction in 2005 plausibly claimed that the number 1 had been attributed to President Roosevelt. It is estimated $ 300K, lot 2051. It had been sold for $ 240K including premium by Heritage in February 2005.
The other example, graded Superb Gem 67 EPQ (Exceptional Paper Quality) by PMG, is estimated $ 120K for sale by Heritage on August 17, lot 20084. It had been previously sold by the same auction house for $ 138K including premium in April 2012 and for $ 106K including premium in January 2015.
RESULTS INCLUDING PREMIUM :
Stack's Bowers : SOLD for $ 550K
Heritage : SOLD for $ 102K
The Joel R. Anderson Collection of United States Paper Money Highlight:
— Stack's Bowers (@StacksBowers) August 7, 2018
•••
Incredible Serial Number 1 "Technicolor" $20 Gold Certificate That Was Presented to President Theodore Roosevelt. Friedberg 1179 (W-2225). 1905 $20 Gold Certificate. @PCGSCurrency Gem New 65 PPQ. pic.twitter.com/Ykx4j2H7Y1
Highest Third Party Graded Fr. 1179 PMG 67 EPQ | Up for auction now! #Numismatics https://t.co/7sh6aPMEnI pic.twitter.com/Vsv1ZBpiM9
— Heritage Auctions - Coins (@heritagecoins) August 5, 2018
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