LOT #22296 |
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Face Printing on Both Sides Error Fr. 1909-? $1 1977 Federal Reserve Note. PCGS Very Fine 30PPQ.. ...
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Sold on Jan 12, 2024 for:
$30,000.00
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Description
Incredible Small Size Banknote Error
Face Design Printed on Both Sides of Note
Face Printing on Both Sides Error Fr. 1909-? $1 1977 Federal
Reserve Note. PCGS Very Fine 30PPQ.The existence of this error is easily inside the realm of possibility, but in banknotes is simply unknown. That was until a small group of 1977 $1 FRNs were discovered with the face printing on both sides of a note. This is one of four examples reported, all of which came from one source, and were graded by PCGS Currency years ago.
Unlike coins which are struck between two dies at once, banknotes are generally printed one side at a time. In the case of United States banknotes, the back is applied first, then the face. After the face is applied, a third printing applies the seals and serial numbers. Notes are known missing one of the three printings. In this case, the second print was applied, and then the sheet turned and the face printed again. It is possible, sheets were fed into the press with the face design for a plate check, then done again. It is entirely possible an inspector seeing that a "blank" sheet made it through the second step of the process and simply fed it back into the paper stock to be printed again. The latter is far less likely since the third print was not applied. Whether this note was printer stock used for quality control, or an error in the printing process of issued notes is unclear. Either way, it is an authentic Bureau of Engraving and printing anomaly, and a highlight for any Error banknote collection. As the first example to auction, it is hard to estimate, but we surmise a five-figure realization is likely.
From The Cache Creek Collection
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Auction Info
2024 January 10 - 12 FUN Currency Signature® Auction #3594 (go to Auction Home page)
Auction Dates
January, 2024
10th-12th
Wednesday-Friday
Bids + Registered Phone Bidders: 12
Lot Tracking Activity: N/A
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