1923 $1 Silver Certificate “Horse Blanket” Fr. 238 Woods/White PMG 25 EPQ Very Fine

1923 $1 Silver Certificate, commonly referred to by collectors as the “Horse Blanket” due to its large size and iconic design. This example is cataloged as Fr. 238 and features the Woods/White signature combination. Graded Very Fine 25 EPQ by Paper Money Guaranty (PMG), this note exhibits strong originality and eye appeal. The EPQ (Exceptional Paper Quality) designation confirms that the paper remains original, free from pressing or restoration, with natural crispness still present. The note shows moderate circulation consistent with the grade, including even wear and light handling, while retaining solid structural integrity. Margins are well-balanced for the issue, and the ink remains bold with clear detail throughout the intricate design.