I have a $1 dollar federal reserve star note that was printed over a fold on the front. The fold is about 1/32" wide at the top, runs through the side of George Washington's head and tapers to a thin line at the bottom of the note. There is also a thin line parallel to the fold that runs from his hairline down to the top of his shirt, through his right cheek and jaw. The fold at the top divides the "R" in Reserve and the "T" in States. Of course the gap is white where the fold occured. I wish I had a way to send a picture but don't have any way at this time. It is a crisp, uncirculated note and I'm wondering if anyone can give me an idea what it's worth. I've had and offer of $75.00 from a dealer but am reluctant to sell. Thanks for any info.
Scans are best, so if you have access to a scanner, please post a scan of both sides of the note. When scanning, position the note in the center of the glass, away from the sides of the scan bed. Place the note on the glass and a dark sheet of paper behind the note. This will help define all the margins of the note so we can see as best as possible what you have questions about. Unfortunately, without some image, we can't be of any help. Maybe you can ask a friend or family member who may have a scanner to help you get an image file to post.
Star note error. If I've done this right there should be pics of my 1969 series $1 dollar star note with the folding error posted. It's crisp and uncirculated and I'm trying to find out if anyone can give me an approximate value. Thanks. (If I've done this wrong, I'm going fishing!)
That's what I figured, Mark. Looking closely, you can see a second small wrinkle running from George's hairline down to his shirt. What I'm trying to find out is about what it's worth. I was offered $75.00 for it but I'm reluctant to sell, not having any idea what it's worth.
It is not wrinkled... it is whats called a "gutter fold". Nice error note. I will look up an estimated value and get back to you. There is an established rarity factor from R-1 thru R9 and this one is an R-1 pretty common.It should be classified also as a mild to moderate gutter fold. I would estimate between $75 and $100 but since it is a "star" note to boot.. add another $25. This Atlanta district printed well over 7 million star notes and in CHCU it is $8 Error stars are worth that little extra...good find.
Looks like a nice find that has a good chance of being authentic. Consider taking the time to start researching the services of PMG and PCGS Currency for their ability to help you authentic this note. Why? Error notes have become easy to fake with modern day digital printing capabilities and a good number of such notes parades around on various online auction sites in attempt to deceive both the informed and less informed collectors. True error notes command a good premium and are hard to come by, so there is a profit to exploit by faking them. For this reason and for the security of the collectors in the hobby, it is often wise to seek the advice of a third party grading company in these instances, and even more so if you're thinking of selling your note. Obviously, you stated you are concerned about the notes potential value ("worth") but I urge you to learn more about error notes before selling or taking offers, especially since those making you offers may be low balling you since you may not know much about what you have in your possession. A certified authentic error note is going to fare better and draw more attention and offers in a sale or bids in an auction from potential buyers who can be comforted by the idea that the note was certified authentic by a grading company recognized in the industry and amongst hobbyists. If you do submit the note for grading/certification, post it again here when you get the note back from them. Certification is a slow process, so you will have lots of time to go fishing and study up on errors while your note is away being professionally authenticated. Regards.
+1 to Rickie's comments. It's definitely a gutter fold, AND a star to boot. Normally a gutter fold in this condition is worth around the asking price of $75, but adding in the star factor could increase that by 2-3x in my opinion. Definitely go with krispy's recommendation to have it graded if possible as that would maximize the value. People who collect errors like myself generally only buy authenticated examples. Nice find!
Thanks for the info guys. It makes good sense to me to have it graded. I have a problem selling it to the guy who tells me what it's worth.
It would be worth about that if it wasn't a star note. With the star, you could probably get $200 for it. Very cool note. Thanks for sharing.
