LOT #21188 |
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$5/$10 Dual Denomination Error Fr. 1960-J $5 1934D Federal Reserve Note. PMG Gem Uncirculated 65 EPQ.. ...
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Sold on Jan 13, 2023 for:
$38,400.00
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Description
"King of Errors" $5/$10 1934D Kansas City Dual Denomination
$5/$10 Dual Denomination Error Fr. 1960-J $5 1934D Federal
Reserve Note. PMG Gem Uncirculated 65 EPQ.Dual denominations are known as the "King of Errors" with this Kansas City 1934D $5/$10 combination often fulfilling the needs of collectors who desire an example of this great error type. The backs are printed first and then they are set aside to dry. Later, the backs are sent to the presses in order to receive their correct face printing, which did not happen in this case. The sheets of twelve would be next overprinted and then cut into individual notes and banded. All of the inspections along the entire production path missed these dual denomination errors. This well preserved error was noticed before it actually entered circulation, therefore it has been able to retain its paper originality. One of the higher third party graded examples of this fantastic error that we have been able to offer. That is not surprising, as this error was lot 344 of the Frank Levitan Collection that was auctioned in 1998. The Levitan Collection was one of the best paper money collections auctioned during the second half of the twentieth century, with claims as being possibly the finest since the Grinnell auctions of the 1940s. We auctioned two examples of this dual denomination error in 2022. We had a PCGS Banknote 64 PPQ piece realize $55,200 in January. This was followed by a May 2022 offering of ours in PMG 64 EPQ that closed at $33,600. Despite the widely divergent winning bids, we feel that the winning bid for the current lot will be in between the two earlier amounts.
From the Dr. Paul Balter Collection
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Auction Info
2023 January 11 - 13 FUN Currency Signature® Auction #3591 (go to Auction Home page)
Auction Dates
January, 2023
11th-13th
Wednesday-Friday
Bids + Registered Phone Bidders: 21
Lot Tracking Activity: N/A
Page Views: 1,101
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20% of the successful bid per lot.
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