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    Unique Third Charter Date Back $10/20 Double Denomination

    Richmond, VA - $10/20 Double Denomination Inverted Reverse 1902 Date Back Fr. 617 The Planters NB Ch. # (S)1628
    A lovely mid-grade example of the "King of Errors," this is the first from this bank to be announced to the collecting community at large. This $10 face /20 back with serial number 18591-D is as great an error as any collector could ever hope to own. This note is listed without a grade in a couple of the censuses, but it has now been graded Very Fine 30 by PMG. The Planters was in business from 1866 to 1926 and along the way issued many different types of notes. That included Series 1902 Date Backs in the $10-$10-$10-$20 sheet format with the plate letters in this case being D-E-F-B respectively. This double denomination invert back error occurred after the back was printed. The sheet was next fed incorrectly upside down into the press to print the faces. This produced a $10 plate letter D note with a $20 back. Seals, charter numbers, and serial numbers were added, but the sheet orientation now favored the face of the notes. Therefore the inverted back printing escaped detection. Since many Nationals had their signatures applied by hand, rubber stamped, or in this case of this charter number printed by an outside printer, and also finally cut into individual notes, printing errors rarely escaped the notice of banking staff. Most errors were either destroyed or sent back for replacement notes. That makes the few that survived so cherished today.

    Auction Info

    Auction Dates
    August, 2015
    13th Thursday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
    Page Views: 1,311

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