It’s high time I collect thoughts on what I describe as my most prized possession. I have never really been into paper money, but the story goes that my grandmother wanted to send this piece back to the fed (she worked at pnc bank) and my father liked it and purchased it for $20. It has been sitting around until maybe 6 years ago at the Whitman expo, I had it graded. I’ve been offered anywhere from $100 to $5000 for it, I’ll never sell. I guess I just don’t understand the market for error notes, I believe they are only worth what someone will pay. It’s a function of how much they want it vs how much discretionary cash they have. either way, I have never seen one like it, it must have had quite the ride during printing, folding and unfolding between each step of the process. what do we all think? Is there anything I need to know about this? Have you seen anything similar? Any expert knowledge or opinions would be wonderful. excuse my photography skills.
Very cool-looking error banknote! The PCGS label says "pre-face print foldover". You can type the same phrase on Heritage to see similar examples, and get a rough idea on the prices over the years.
So there are others. Good to know, to get a comparison. Either way, not a common error and is certainly one I would enjoy sharing when I sucker an unsuspecting victim into my show and tel sessions
Excellent note, my advice would be to cut it out of the holder, when your ready to sell it, why you ask, the 63 grade point isn't that appealing even though its great and pretty rare note, 60,61.62,63 gem notes have many issues, bumps centering just to name a couple, not here to rain on your parade, just my two cents on 20 years of collecting and investing in TPG,S
@mpcusa, if I’m smelling what you’re stepping in, you mean to say it is worth more raw. Because on the chance someone thinks it will grade higher, they’ll pay a premium. Is this on the right track? not that I’ll likely ever sell it, you’ve just got me intrigued now.
I also disagree with the advice given by @mpcusa. Lofty grades on error notes are not as important as they are on non-error notes. Leave it as it is.
I am sorry you disagree, but I have done this along time and a not graded 63 isn’t as attractive as a ungraded gem note, that’s just the way it is.
Its simple really, a gem quality note can be worth more money out of 63 holder, as there can be presumptions of higher grade, again 63 is one of the kiss of death grades if it made it to 64 then I would say leave it in the holder.
That’s a great error note. Leave as is and keep it safe. It should have more value to you than you can get for it as your grandparents had it.