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    Dallas $20/$10 Double Denomination

    Fr. 2071-K $20/$10 1974 Federal Reserve Note. PCGS Choice About New 58PPQ.
    The only double denomination to escape into the wild from the confines of the BEP since the 1950s. 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 Holy Grail. Alas, your cataloguer was unsuccessful, yet an August 9, 1978 Coin World and other related articles were saved in a currency scrapbook. Reported in the articles was that it was believed by the BEP that ten sheets 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 specimens. These 280 notes were returned to the BEP for destruction. Many of the remaining errors went unnoticed and were eventually withdrawn from circulation and destroyed in the course of normal banking procedures.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.

    Auction Info

    Auction Dates
    September, 2014
    3rd-8th Wednesday-Monday
    Bids + Registered Phone Bidders: 7
    Lot Tracking Activity: N/A
    Page Views: 1,025

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