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Spectacular PMG Graded Gem Uncirculated 65 EPQ Double Denomination

Grand Forks, ND - $20 1902 Plain Back Fr. 658 The Northwestern NB Ch. # 11142 Double Denomination
A magnificent example of the "King of Errors," with this example the only double denomination National Bank Note of any type to have garnered PMG's grade of Gem Uncirculated 65 EPQ. This $20 face/$10 reverse is fully embossed, screamingly original, and as great an error as any collector could ever hope to own. Expect our estimate to prove conservative in the extreme as this note may well be irreplaceable at any price. Chartered in 1918, this bank issued only large $10's and $20's, all on four-note sheets comprised of three $10's and a $20 at the bottom. The double denomination error occurred when the face plate arranged in the same position was inverted, placing $20 over the back of a $10 note. Serial numbers and seals were then added, but the orientation of the third printing now favored the face of the notes, with no notice of the inverted back printing. Since many National Bank notes were hand signed, stamped, and cut by hand, printing errors rarely escaped the notice of banking staff. Most were destroyed or sent back for replacements, making them very scarce today.

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Auction Dates
September, 2011
Internet/Mail/Phone Bidders: 4
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