Hey guys, I just received a $20 bill at the bank and bought it for myself because we have all checked it and it is not counterfeit but it is brand new and has a small fold in the upper left hand side where half of the serial number is printed on the back and half is printed on the front of the bill. I will put up pictures later because I am still at work. Just wondering how much you think it could be worth. Thanks!
That sounds like a keeper! Can't wait to see the pics! Depending on how dramatic the error is, it could be in the $250- $500 range.
There's a few pictures showing the misprinted serial number.. If you want any other pictures of other parts of the bill just let me know. Thanks guys
Very nice find! I'd like to see a pic of the front and back on the note. Remember, creases, folds, bumped corners, etc. drop the value. So, keep it in a holder of some sort to prevent any damage. Take a look at some that were sold at Heritage Auctions: (you may have to register but it's free) http://currency.ha.com/common/search_results.php?Ntk=SI_Titles&Ntt=folding&Nty=1&N=56+790+231+1186&chkNotSold=0&Ns=
That is an awesome find! I'll be able to give you an idea of worth once I get home and can use some of the reources I have for error notes. It would be a pre-third print (overprint) printed foldover.
Thanks for all the info guys and since I am new to all of this what does it mean and how would i go about getting it authenticated, graded, and slabbed? There is a store that deals with this stuff pretty close to me called Toledo Coin Exchange. Maybe they could help?
In order to get a note graded/authenticated, you would need to either join a society such as PMG or PCGS (there is another, CGA that does not have a membership fee, but I've never used them before). Their fees start at $39/yr. THEN you would send in the note with the grading fee and wait a few weeks to get it back. Basically they look over the note, authenticate that the note and error are real and not created by someone trying to make a quick buck, and grade it based on the 70 point scale. Another way is to discuss the note with a local coin/paper money shop owner and see if they belong to either PMG or PCGS. You could piggyback on their membership and basically just pay the grading fee. I would make sure you know them first and document everything before wholly trusting a stranger with this type of error note.
I hope you're ready for some good news regarding this bill. Printed or exterior folds can occur during any stage of the production process. Basically, the sheet folds over and remains folded during the printing. This can be minor like yours, where it's just a corner tip, or more dramatic. These notes tend to be close to the same value based upon condition, with a more dramatic printed fold worth more. I'd say the more dramatic in Ch Cu would be about $2,500. Your note appears to be in the Ch Cu range, although a grading authority would be able to narrow the exact grade. If it hits in the 63-65 range, or higher, I believe that this particular note could be worth around $1,500 to $2,000. Please note that this number is contingent on the right buying circumstances and a high grade note. In this case, I would definitely pay to have it graded as some people such as myself will only buy some errors that are slabbed.
