I think I may have finally found my first real error note!

Okay, so I would like some thoughts on this:


The Federal Reserve seal reads "FEDERAL SERVE ` OF RICHMOND VIRGINA".

There is a small blog of white ink right under the 'R' of "FEDERAL" where the "`" is. The seal shows absolutely no signs of a sharpy, a fake, or anything of that nature. This looks to me to be an authetic FRN error note. I found it strap searching a few days ago. I'm going to see what I can do about getting a close up of the seal itself. I just want to know if anybody recognized this note as listed.

-tbud

 

Log in or Sign up to hide this ad.

Here is the back of the EG error:

 

I am by no means at all knowledgeable enough to comment on the authenticity of your note, but I'm curious...does all currency show a sort of shifted prism look under plastic like your first pic shows?

 

It looks like someone decided to take a black marker and use it to color a $1 note

 

Pretty cool Tbud! The only true way to verify is to get it graded w/noted error.
Probably won't fetch much, but It's a cool feeling! As in; "It's about freaking time"!
My last real error find was over a year ago, and was a 1995-P ddo. Nada since?

 

If you look close you can see that 98% of the "M" in Richmond has been blocked as well. I find it very unusual (and suspect) that 2 letters were subjected to this effect at opposite poles. Usually an "obstruction error" is not so precise to select independent areas. I am not syaing that is is not possible, just highly unlikely.

So the question remains, are you confident enough to spend the $$ to get it verified?

 

I have seen others post notes on forums with ink that has flooded the details of seals. It's not that uncommon to come across printing issues in these details of the note, nor is this one all that significant of a problem. We really do NEED scans of the note to see this better to get into a better assessment. I agree, the only way to determine if it's going to hold up to market definitions of an error, is to have it graded/certified, however, I don't think this is significant enough (dynamic, that is) to warrant a collector pay much premium if you were to try and sell the note as an error. Plus the expense of grading/certifying may well work against any premium for the miniscule error this note displays. So, I hope we can discuss further with clear and detailed scans.

Tbud, since you post a lot about your finds, and you are a note collector, you could really make a lot of use with a scanner at your disposal so you can share more crisp images of the stuff you find.

 

I have a couple with inking errors that I bought on ebay. They were inexpensive but neat enough to have as an example:

 

I came across these overinked district seals in 2010: http://www.cointalk.com/t128108/

 

Overinked seals are definitely an error variety that you can find in circulation (of course I've never found one...). You have two ways to detect if it is real or fake. First is look at it under magnification to see if the black color/ink is the same from the seal as well as the obstruction area. The second, of course, is to send it in to be verified by a TPG.

 

Thanks for posting the over inking of the seals guy's. This very well may be the case here and would explain the random locations of the OPs note.
If you think it is worth the $$ have it graded...good luck. BTW... I really like that NY Note over inked seal...

 

I do agree with Rickie about throwing money at it, to get it graded. Those other notes have high grades to stand on, and the error might ump up $5 bucks...

 

Jeez to think of the notes I have spent with "minor errors"...I have not inspected notes near to this level of detail

 

I've got 4 2006 Atlanta notes that have the little designs filled in, in the District seal. Being circulated finds I don't think they're worth more than a couple of bucks. I'm going to a coin show Sunday, so I'll take them and find out.

 

Haven't found any from other districts yet.

 

Just to clarify - these error notes are not as unique as other sort of overinking errors, thus they do not have as much of a premium. You will still see a nice premium, say $30 in ChCu condition, but not much more than that.

 

Correct. I believe I paid about $18-$22 for mine already slabbed.

 

I have already looked at the seal under magnification and I have found for the overinked areas of the black seal to have the same background inking pattern. As a test, I actually got a different $1, I got a sharpy, and I colored over the same part of the seal as the one I already have. The same pattern did not show up. The one that I colored with the sharpy was all black under magnification. My error note, in question, shows a white and black mix under magnification. This is why I believe my note tl be a real error. For someon as myself who has looked thru probably $200k in $1's, I have never seen a seal error such as this one

-tbud

 

Sounds like you have a legitimate error note then. Based on what you can expect its value to be, now you need to decide whether you should send it in to a TPG to be slabbed. Congrats on the find!