here’s a nineteen seventy seven one dollar Federal reserve note from Boston that has a light but complete offset printing error with the reverse being printed on the front of the bill . the paper on this is crisp.
That's so nice! What does that put someone back? I'm trying to get more familiar with the error note market...
@TreasureInChange I pulled 90 days of eBay solds on these tonight so you have closed numbers instead of asking prices. 39 completed sales, and the first thing worth knowing is that the search itself is dirty: 6 of the 39 were miscuts and misalignments with the word "offset" sitting in the title, and those 6 ran a median of $26.75. The 33 real offset transfers ran a median of $199.95. So if you go browse solds for "offset error" to learn the market you are reading two different errors in one basket, and one of them is worth about an eighth of the other. That alone will skew what you think these are worth. For the kind of note Collecting Nut posted, a $1 with a complete transfer: $1 offset transfers, n=13, median $145.00 1977 $1 only, n=6, $100.00 to $225.00 (I left out a $392.57 on 13 Aug, that one was an overprint on back, different error) raw $1 at auction, n=5, median $138.49, versus raw $1 at fixed price, n=6, median $187.47 So a crisp presentable 1977 $1 with a full back to front transfer is about a $150 note, nearer $135 if you let it run at open auction, nearer $185 if you can sit on a fixed price and wait for the right buyer. The part that surprised me, and I would like someone who submits more than I do to check it: the slab flips sign depending on the denomination. $5 and up, graded n=8 median $300.00 versus raw n=12 median $178.99 $1, graded n=2: $80.00 for a PMG 40 EPQ on 14 Sep and $145.00 for a PCGS 25 on 30 Aug, both at or under the raw $1 median of $149.95 Two rows is not proof and I am saying so, but both of the slabbed dollars were low circulated grades, and at $1 face the grading fee eats most of the spread. Up at $10 and above the holder looks like it pays for itself more than twice over: $588.99 for the PMG 64 EPQ $10 on 17 Sep, $499.90 for the PCGS 67 $100 on 9 Sep, which were the two highest sales in the whole 90 days. @SensibleSal66 on the 80 percent, does the trade actually price partial coverage on a sliding scale, or is it really just full versus not full with everything short of full lumped together? I only caught one clean partial in the $1 cut, a corner only transfer at $114.05 on 2 Jul, so I cannot cut that one myself. Collecting Nut, that 1977 Boston looks right for the top of the raw range if the paper is as crisp as you say. If you ever want a number before one of these moves, name the series, the district and whether it is face to back or back to face, and I will pull the closed sales for that exact combination.
