Genuine ??

I know Wheres George is a touchy subject here on Coin Talk. The site does have an interesting collecters forum. Please don't start complaining about stamping bills. That is not why I started this thread. A user found this web press note and inquired about it's worth and if it was genuine. Only one reply was skeptical and the rest mentioned a four digit worth for the note. It's a beaut if it's genuine. The lone skeptic thought there should be more of the same errors and wondered why they haven't surfaced. So let it fly, real or faked. If it's real what's it worth?

 

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well if the bill is authentic really skies could be the limit. the regular bill without this error would be $200 CH CU lets say it was just a star note for that series you are looking at $1400 in CH CU. now if this is a real bill even in the condition it is in with the possibilty of this maybe being an example of only a handful of bills like this you might even be talking in the high 4 maybe 5 figures for its worth. but i dont really think the bill is authentic. it would have popped up somewhere before. maybe lewminator should put in his thought on it. lets see what others have to say

 

I have to add nobody on WG suggested stamping the bill. First was to store it in a safe deposit box. Second to contact several reputable dealers for their opinion. Lastly to submit the bill for grading and authenticity. The owner is a noob but knew they had something special.

 

after looking closer it looks like the star was added. i am no pro with photoshop and i was able to come up with this. i am sure with enough time i could come up with something better. until its been sent into a TPG i am going for a fake:hammer:

 

3 Believers / 1 Skeptic

Nice PhotoShop job UC, I mean really nice.

A few comments from WG

#1 Yeah, if that's a one-of-a-kind note it's easily going to top four figures. Get it graded. Congrats, what a great find.

#2 For some strange reason a lot of currency dealers don't think webs have any value. Stupid! There are some of the key plate combinations that retail for $3000-$3800 in Unc. condition.

Your beautiful error note should easily bring $3000-5000 and I'd sure offer you that for it if I could afford to do so. Please have it graded by PCGS. An ordinary F--L 2/2 it lists for $75 in XF condition. It's not an F--* but if it were it would list for $850 in XF.

#3 You're not kidding. Looking at the picture, I can't see any signs of a fake, but the error is just too strange to be entirely believable....

#4 This sort of error ought to affect a whole bunch of consecutive bills; if the one suffix wheel was set incorrectly, or got rotated during a press run, then it should've kept on producing bills with the identical error. (Print runs like this are known in several different series, where many thousands of consecutive bills all have the same mismatch. There's a batch of 1957 silver certificates where one serial number is A..A and the other is Q..A, for example.) The fact that nobody's ever heard of this F..*/F..L mismatch before makes me suspect that something's not right here, especially given how well-studied web notes are. No way are there thousands of these out there and this is the first time anybody's noticed.

It's *possible* that somehow the BEP managed to print a very small number of notes like this, but it'd be strange. Therefore you'd definitely want to get this certified by the experts before trying to sell it, since otherwise a fair percentage of the potential bidders would likely be too skeptical to put up their money

 

2 things about this note makes me think its a fake image. First, if you zoom into around the star, there is a very faint 'cirlce'. This could be remnants of the planting of the star. Second, the last 7 just before the star, there is faint evidence of freenish ink. This could be a slight smudge from the printing of the serial, but it looks more to me to be a smudge from the removal of the 'L' There are several tools in photoshop that could easily do what looks like was done here. I do hope it is a real note however, and if the person who has this note in hand is NOT some jokester, then he would get this note validated and verfied.

 

Well thought out reply Daggarjon, UC proved photoshop is a possibility. I can't see the evidence of smudge or erasure on my screen but have no doubt it may be there. I hope it's real and will post any further news on it's authenticity and selling / value.

 

I am the holder of the note and a jokester by no means, Have spoken to Bob Kvederas, he first suggested that i sell to the dealer who offered 5000 dollars, I told him that I wanted to send it in for grading and authentication, he said he analyzed the scans and his opinion is that it is real, today another e-mail asking me to keep him informed of my selling of the note if in fact I do decide to do so, and also he would like to put it in his coming new edition of his book. I am waiting for my packet from the certification company so the note can be sent in, until then there is nothing more I can say, when it comes back I will post it.thanks to everyone for their helpful input on this. Just htought I would add my 2 cents after a link to this thread was sent to me.

 

not really sure but have been advised to sell it at auction, not really experienced at all of this so just going to follow the steps and take in all of the good advice

 

if and/or when (dont mean to sound skeptical, but its my nature lol) the note comes back graded as real, that would be HUGE!! It truly would be an awsome find to the hobby! not to mention your pocket if you are inclined to sell it! just be sure to keep us all up to date

 

thats the first thing i caught. i blew up the picture and you can see a circle. i still would like to see it graded by a TPG to see its authenticity

 

well urban, not to play the hater for the OP (meaning this comment is only in jest )

i could take the note, place it in the holder and even make it look real, all using photoshop I could join the SGS team and give it a grade of MS70 .. err..

Seriously though, i do hope the note turns out to be authentic! What a great find it would be!

 

Okay, I'll take the bullet...

I'm not much of a currency collector, so can someone explain to me why this error is so profound? (I assume the error is the * and L combo on the same note.)

 

exactly! the note should either be fromt he F-L block or the F-* block. it should NOT show both. first, 1988A web notes are rare enough. 1988A web note stars are even more so. While neither the F-L block nor the F-* blocks are among the top 50 web notes in rarity and price, this is not to say they go cheap. I see the F-* block was printed in January of 1992 with a print run from 12800001 to 19200000. It was print run #3 out of 4 stars runs, and the only star print run that was designated as web note. the other 3 print runs were issued as non-web or normal notes.

 

the F-L block was from run 12 with front/back plate numbers of 2/1 and 2/2. Its part of the serial range of 70400001 to 76800000. Both front plate/back plate combos of 2-1 and 2-2 were printed in july of 1992.

By the serial number alone, it looks like this not was meant for the F-L block. How the star got there is anyones guess.

hope this helps

 

question

where is this list of the top 50 rare web notes if i may ask? waiting for a book from Bob Kvederas,he says from his research it looks like there 10,000 of this error printed with mine being the sole survivor (so far) as no others have been found

(yet).all of the notes i have are from 1988A plate numbers are 2-2, 2-1 ,1-1 and 1-2 with 4 of them being the 2-1 (there are 8 total) only 1 f*

 

this is his exlplanation....
After doing some more research on the note, it is possible that more of these errors should exist from this plate position. It is unknown when the error was spotted during overprinting process of the serial numbers. And to that matter, how many errors were produced and subsequently destroyed. Our estimates give us a range of 1 surviving note ( yours) and 10,000 pieces. It will be interesting to see if the sale of this error brings out more of these types, if they exist.

 

So you have 9 notes with this error? or you have 8 plus the 1 star web note with those plate numbers, and only 1 is the error?? Are all these notes the F-L block? The F-L block run 12, had plate combos of 1-1, 1-2, 2-1, 2-2, and 3-1. It might be eaiser, if you can, to list the serial showing the block letters and then the front/back plate numbers. otherwise its near impossible to know

Right now, i have 14 of the 192 1988 web notes. they get pricey lol so they come in pretty slow

 

8 total 1 error sorry for the confusion. they go like this...F76711857L 2-2. next F72285915L 1-1 next F72726155L 2-1 next F73056777* 2-1 next F73033637L 2-1 next F72145049L 2-1 next F74608984l 1-1 next F74269786L 1-2 with no typos i think i got it right..lol...