The paper fabric appears to me to be Fine or possibly even better but the serial numbers are strangely faded (washed out?) and the vignette of Windsor Castle on the back lacks the usual detail and looks very foggy (compare with scan below). However, perhaps the scanner was to blame for these visual effects? There don't appear to be any major defects like tears, just a bit of a stain on the front in the bottom margin. I don't think it's been washed and pressed but it may possibly have been stored in a wet or damp environment at one time. I think most sellers would advertise this as a Fine or even as a Fine+ but conservative buyers would probably say About Fine in view of the faded serial numbers and foggy reverse vignette. It's probably a $3,500-$4,000 note in today's retail marketplace although it would have to be inspected and graded by an experienced collector or dealer to come up with a definite value.
{http://img.villagephotos.com/p/2008-1/1293040/$25.jpg}
« Last Edit: June 29, 2008, 12:24:30 pm by Ottawa »
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" Buy the very best notes that you can afford and keep them for at least 10 years. " (Richard D. Lockwood, private communication, 1978).