Incredible Find!

A little background:

There are inverted character errors... inverted stars and inverted block errors. For almost half a century, we knew about the inverted W used in place of an M in the 1957 $1 Silver Certificate, from the E2 or E4 plate positions. Check out the M on the right serial number

More Info: http://www.uspapermoney.info/survey/invw.html



Now only recently, in February 2013, someone (Jess Lipka) discovered an unusual error - very similar in nature.

This time it was an inverted M used in place of a W in the top right serial number of the 1935F $1 note.

Here's the article reporting the discovery: http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=26572

And the survey courtesy of Numbers: http://www.uspapermoney.info/survey/invm.html



Description from Heritage auction:
http://currency.ha.com/c/item.zx?saleNo=3522&lotIdNo=25064

Recently Discovered Inverted "M" Prefix Letter at Upper Right​

Inverted "M" Prefix Letter Fr. 1615 $1 1935F Silver Certificate. PCGS Very Fine 35PPQ.
This is the discovery note for this error variety as the "W" prefix in the right serial number is actually an inverted "M." We have known about the inverted "W" prefix letter error used as a "M" on 1957 $1 Silvers for over 50 years. Now, we have an inverted "M" used as a "W" for the prefix letter of the right serial number on 1935F $1 Silvers. Coincidently or not, both the 1935F and 1957 $1 Silvers carry the same Treasury officials of Priest and Anderson. Both inverted prefix letter error varieties were made at approximately the same time based on the relative blocks within the ranges of serial numbers used to print these two series. The "W-I" block is slightly over halfway through the 1935F serial number range and the "M-A" block is about halfway through the Series 1957 serial numbers. Both of these errors were made the same way. The inverted "M" for the 1935F and the inverted "W" for the 1957 Series notes were put in their respective serial numbering wheels prefix letter slots upside down. This inverted "M" example has paper originality and is a nice example for the grade. It is certainly a "must" for the error collector looking to build a great collection.

So here we are. I recently lucked out and picked up an Inverted M in a lot of silver certificates. As far as I know (and Numbers has confirmed) this is the second Inverted M to be found!



Now I'm just waiting for my PMG submitter number to send this off to get graded.

 

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I don't know a thing about paper money but that sounds like an amazing find!! Congrats!!

 

Very interesting!! Thanks for sharing...:bow:

 

Very cool! What kind of premiums would these bring if sold?

 

Hard to say. There's no precedent for it. It will entirely depend on buyer interest.

Heritage had an estimate for the first discovered note at $10,000 - $15,000. However, that note's opening bid was $7,050 with buyer's premium and did not get any bids.

That note graded 35PPQ. Mine will probably grade 15 no PQ. And now there's twice the population there was before.

 

Quite a neat find, funkee! It'll be interesting to see in the coming years where this variety ends up on a rarity scale.

Dave

 

That is pretty cool, I've heard about this inverted error before. It's even more rare than the inverted star, in which I've seen several examples (but still under 10 reported). I believe the last example of an inverted star 57A silver cert. sold in excess of $2000 in one of Lyn Knight's auctions last year.

 

cool beans!!! I've been looking at all W's and M's lately on silver certs. No luck yet.

 

Nice going, funkee. How does that song go? "I work hard for my money" You certainly do, and therefor deserve a special find.

 

I think it goes something like this:

[video=youtube;WM5AJl6ucxM]http://www.youtube.com/watch?v=WM5AJl6ucxM[/video]

 

Wow!!! I am just going to be honest... I am so jealous...

I have looked through almost few thousand of those notes at various places and my hoard, looking for this specific error. I have found 0.

Seriously congratulations!!! :u*meY:

 

Thanks tiger. I have to admit I was in the right place at the right time... eBay at approximately 12:40AM.

They are out there. I remember another 1935G inverted star in a lot of notes some months back. Just patience, some eBay notifications, and a little luck.

Going out to PMG hopefully today.

 

Nice find! I think that "I" is inverted too!

 

Funkee, i think i might owe u some money if im right lol...... Due to this post I just checked my list of currency, my $10 national bank of commerce st. louis large size note has plate position W !!!!! I looked at the note more closely and it looks like an upside down M surely not the thinner W print. Did the error exist back then?

 

Wow, great find! Ever since the first one was found, I've been waiting for more to turn up.

It's interesting that both of the inverted-M notes now known are from the same print run. This suggests that they're likely a good bit scarcer than the 1957 inverted-W errors, which have been recorded from at least 28 different print runs. (It's quite possible that more inverted-M runs will turn up now that more people are looking, but the fact that the first two are from the same run makes it look like there probably weren't very many runs affected by this error.)

Okay, who's going to be the next to discover one of these?

If "plate position" is actually what you meant to say, then you're looking at something completely unrelated, I'm afraid.

A serial number is overprinted from a register that can have letters (or stars) inserted upside down by mistake. A plate position letter, on a large-size National, would have been individually hand-engraved into the printing plate--which means that there'll be all sorts of variations in letter style. If you look at the two places where the position letter appears on the note, they probably won't even look like each other....

 

If you look at my post, the first page, 4th post with pictures, first picture, you will see a large size st. louis national bank note

http://www.cointalk.com/t224344/

Top right corner is a W.

From what i understand W is not one of the used plate letters ever even till this day.

http://www.uspapermoney.info/general/note.html

 

national bank notes and silver certificates are two completely different animals. this particular error is limited to the silver certificates.

 

Dont get discouraged though. Keep looking Squaredeal. This particular error has eluded us for more than 50 years. I am certain there are more oddities out there that haven't been discovered.

 

And people say that coins and notes are boring---very nice find!!

 

I looked a very long time before I found this one: