Why is this note in an error holder?

Discussion in 'Paper Money' started by funkee, Oct 30, 2012.

  1. funkee

    funkee Tender, Legal

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  3. kookoox10

    kookoox10 ANA #3168546

    That is weird, I don't see an error. I was checking maybe an inverted star or maybe a mismatched serial number but I can't identify anything.
     
  4. Dean 295

    Dean 295 D.O.M.

    Ok I also thought an inverted star. So I went to the site and asked " the Question" Lets see if they answer. I think the location is Kansas, when the item is from, could it be Lynn Knight?
     
  5. SteveInTampa

    SteveInTampa Always Learning

    The only thing that I can think of that's not obvious without holding it up to the light, is the watermark.
     
  6. urbanchemist

    urbanchemist US/WORLD CURRENCY JUNKIE

    you think they would have notated what the error was on the holder.
     
  7. Dean 295

    Dean 295 D.O.M.

    OK so I checked out my ebay site and emailed this person a question about the note . I recieved an answer fairly quick.the person is saying "not sure" "think itis the wrong plate Number. Oh well at least i got a answer. Thanks ebay member bye 3339. Now this is my take ... Just look and see the error yourself? I really can't see the error. Thats one note I will pass on.
     
  8. funkee

    funkee Tender, Legal

    The wrong plate number/size was my suggestion to the seller... and frankly I'm not sure myself.
     
  9. Searcher64

    Searcher64 Member

    If it's a error note, then it's not obvious in the picture, Could be the water mark, 1. missing, 2. upside down, 3. on the wrong end. Last of all, the security strip missing. The only other would have been a printing missing, and all seem to be. Error as far as I can tell, it not obvious.:rolleyes: You know that all Forth Worth notes are mule notes. That's because the front plate # is smaller than the back plate #. This is not an error.
     
  10. funkee

    funkee Tender, Legal

    Edit Reason: Revised explanation.

    Fort Worth notes are not mules. A mule is by definition a note with face plates and back plates from different series.

    In the early days of small size notes, around 1938, new back plates were introduced with larger "macro" plate numbers. This change actually prompted the BEP to advance the notes a series, even though the signatures did not change. Back plates were changed across denominations in different series, but this was not done very quickly because the reverse designs did not change. The first mules to appear were:

    1935 $1 Silver Cert
    1928C $2 Legal Tender
    1934 $5 Silver Cert
    1928B $5 Legal Tender
    1934 $5 FRN
    1934 $10 Silver Cert
    1934 $10 FRN
    1934 $20, $50, $100 FRN

    As I mentioned, the series advanced due to the change to larger plate numbers. Mules of the above series came out with older (micro) face plates paired with newer (macro) back plates. This was the case for the majority of the first mules from this era.

    The series year/letter were advanced not because of a change in signatures, but simply because of the new plate number size. But because the designs of the front and back did not change, and the BEP had a policy of using all unused printing plates, a large number of notes were printed with micro/macro combinations.

    Aside from a small run of 1935A $1 silver certificates, the majority of mules had micro front plates and macro back plates. But over time, the newer face plates with macro numbers were being used on all the presses. There was no possibility of using micro face plates, because once the signatures were changed, new plates had to be produced. But then, what occurred was a different kind of mule. The newer macro face plates were sometimes paired with the older micro back plates. That's the opposite of what happened before! As time passed, these mules became rarer as the BEP used up all of the left-over plates. The last mules of this era were the 1950 $50 and $100 bills. So all later mules had newer macro face plates with older micro back plates.

    Both combinations of small size mules actually exist. There's likely many more mules in more modern notes, by the strict definition of it. But because the back plate numbers and positions are the same, it's impossible to differentiate them without actually knowing the plate numbers for print runs.

    In the time of large size notes, the plate number sizes were all the same. They were in a different position on the reverse design as the series changed, however. So a Speelman White or Elliot White mule for example, will have a back plate number in the spot where Burke notes had it.

    View attachment 213425 View attachment 213426

    The plate number position did not change for small size notes, however; although there are some unique errors where the plate number was engraved on the wrong side!

    With the opening of the Fort Worth facility, the back plate numbers for the notes printed at the FW facility were increased in size. The Washington DC notes kept the smaller back plate number and the FW notes had a larger back plate number. This is the case for all properly printed notes. They are not inherently mules despite the different size back plate numbers.

    The 295 Error occurred on the 1995 $1 series note, where the size of the back plate number on the Forth Worth note was actually the size of the Washington DC back plate number. See: http://snorkack.nfshost.com/fw295/

    I can't tell from the blurry photo, but I have a feeling that the back plate number for this note is the smaller Washington DC size. Hence the notation "FW Error"
     
  11. Maybe it's just because it's in a PCGS holder.
    I've seen a lot of "errors" in their holders :D
    Bill Collector
     
  12. funkee

    funkee Tender, Legal

    It still seems to me that the plate numbers are the correct size. So we're back to square one.
     
  13. SteveInTampa

    SteveInTampa Always Learning

    I messaged the seller, and he confirmed a watermark error. He is sending me images through email later today.
     
  14. DM1

    DM1 Active Member

    Why didn't he indicate that in his listing? That's ebay, I guess...
     
  15. SteveInTampa

    SteveInTampa Always Learning

    The seller sent images of the note to me, and the watermark is correct (President Hamilton). The security strip is also accurate for the note. Unfortunately, I am unable to determine what makes this an error note.
     
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