I posted this note a few years ago and wasn't able to get a definitive answer on how this could happen. I'm not that familar with the printing process, I thought the SN's and seal were applied at the same time. Any thoughts? Any idea of value?
This is not a missing overprint, because the serial numbers are present. It would have happened in one of two ways: 1- Localized under-inking of the treasury seal. To confirm, look for signs of a blind impression like embossing on the opposite side. 2- An obstruction that fell onto the sheet prior to the third printing. Something like a stray piece of paper, card, etc. may have taken the treasury seal. That obstruction would have then fallen off or lost sometime down the road. There would not be any evidence of embossing in that case.
Thanks funkee... there's no evidence of any embossing whatsoever... the seal area is smooth, and there's no sign of residual ink or tampering.
Since there does not appear to be any abrasions in the area under the treasury seal, I would say it's likely you have an obstructed printing. I would recommend sending it in to PMG/PCGS for authentication, however.
I wouldn't send that in for authentication. It's circulated, so the collector/error value isn't high enough to warrant the grading fees.
It will be hard to find a buyer to pay any significant premium for a raw note like this. There's too much potential for doctoring and fake errors. With it graded, you might be able to get $75 to $100 for a certified error. With grading fees and shipping costs at about $50, you'll pocket $25-50 less fees. Otherwise if you sell it raw, you might get $10-20. So in my opinion there's some room for more profit by sending it in for grading. But it won't be a whole lot and will ultimately depend on how many interested buyers there are.
I *highly* doubt you'd get $75 for a circulated error note, even if it's graded. Without seeing a high resolution shot of the note itself (scan at 300? dpi against a dark background), it's hard to tell the grade of the note. From what I can tell (very washed out by the lighting), there appear to be at least two vertical and one horizontal fold. These are light, but enough to have separated the ink on the paper. A circulated error note will get $10 or so raw, not because of concerns of it being "real" but more due to condition concerns. Anyway, have you contacted your local coin/paper dealer for their thoughts on this?
I did show it to my local coin dealer, though he's not really up on error notes. When I asked him value, he said maybe $50.00, but he had no idea how the error happened. After looking at some auctions on eBay, I see a few with just the seal missing (mostly $20 notes), but they're not graded. Anyway, you're correct, this example is circulated with a few very light folds. It's not mine, but belongs to a friend. I believe they'll just want to keep it as is. Anyway, let me say thanks to you and funkee for the input!
I have a dollar Bill in a series with half the treasury seal missing can’t find a other one like it to compare what it would be worth does anyone know ?
