LOT #22203 |
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Dual Denomination Error Fr. 2071-K $20/$10 1974 Federal Reserve Note. PMG Very Fine 30 EPQ.. ...
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Description
Classic Dallas Dual Denomination Error
Dual Denomination Error Fr. 2071-K $20/$10 1974 Federal Reserve
Note. PMG Very Fine 30 EPQ.An example of the famed Dallas $30 note which was the last dual/double denomination to escape the BEP. Serial number K46598254B saw circulation until one lucky recipient received it and put it away. The news of these "$30" notes coming out of Houston hit in the summer of 1978 and sent one Dallas paper money collector/teller to go through an insane amount of $20 packs looking for the K-B block Holy Grail. Your cataloger was unsuccessful, yet an August 9, 1978, Coin World article and other related articles were saved in a paper money scrapbook. Reported in the articles was that it was believed by the BEP that ten sheets (320 notes) had been printed with the double denominations. The Dallas Federal Reserve Bank retrieved 160 examples from a still sealed BEP shipment, while the Houston Branch of the Dallas Fed was able to corral another 120 of these escaped errors. These 280 notes were returned to the BEP for destruction. The remaining 40 double denomination errors proceeded into circulation and were eventually found by the public or withdrawn from circulation and destroyed in the course of normal banking procedures. Today, double denominations always create excitement and they have rightfully earned their "King of Errors" title. Our current offering is not listed in the census of these amazing errors that can be found in the recently released United States Paper Money Errors fifth edition by Dr. Frederick J. Bart and Bianca B. Bart. They list 27 serial numbers on page 30. The 28th example in this lot is the lowest graded piece we know of. It still was able to earn the important EPQ grade modifier and the tight right margin is a characteristic found on the vast majority of these highly desirable errors. Ownership of a dual/double denomination error note will always be a membership in an exclusive club.
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Auction Info
2026 April 28 - May 1 CSNS U.S. Currency Signature® Auction #3601 (go to Auction Home page)
Auction Dates
Apr-May, 2026
28th-1st
Tuesday-Friday
Bids + Registered Phone Bidders: 10
Lot Tracking Activity: N/A
Page Views: 531
Buyer's Premium per Lot:
22% of the successful bid per lot.
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