$125 is a little steep for a $20 gold certificate in that condition. $100 or less would be more realistic.
EDIT: I forgot to mention, but there's also a series 1906 $20 which will be a little bit pricier. It would probably run about $125-$150 if it were the in condition of the note you posted.
I would not pay more than $100. The problem is, I think the price is based near by real market prices. 5 Years ago I paid for this bill round about US$ 240. Today it will be hard to get a bill in this condition for this price. Gold certificates are very popular...
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