1923 $1 "Cogwheel" Large Size Silver Certificate – Speelman/White (Fr. 237, Severe Damage)

Designation: Series of 1923 $1 Large Size Silver Certificate (“Horseblanket”)
Mintage / Issue Year: Struck during the Speelman/White signature term (1922-1927)
Friedberg Catalog Number: Fr. 237 (Blue Seal / “Cogwheel” Reverse)
Denomination: One Dollar ($1.00 USD)
Signatures: H. V. Speelman (Register of the Treasury) & Frank White (Treasurer of the United States)
Serial Number: D52253026B
Design Details:
Obverse: Features a centralized portrait vignette of President George Washington, flanked by a blue treasury seal on the left and a large blue numeral “1” overlaid with the word “DOLLAR” on the right.
Reverse: Features the distinctive, intricate “Cogwheel” geometric pattern design unique to the 1923 series.
Condition & Packaging Notes:
Encapsulation: The note is safely held and encapsulated inside a premium, heavy-duty Lucite magnetic display holder. This clear case structuralizes the pieces for easy, safe handling and two-sided viewing.
Physical Damage Warning: This note is in heavily circulated, poorly preserved condition. It is completely torn/ripped in half vertically through the center.
Surfaces & Residue: Exhibits heavy, dark staining, localized burn-like discoloration, and significant tape residue/staining along the vertical tear from a historical repair attempt. A small center section of paper is missing where the folds intersected.
Margins: Extremely frayed, worn, and chipped edges with minor paper loss along the perimeter.