Hey. I recently aquired this from my Grandfather and was wondering what you guys think the price would be on this thing. Also if you have any questions or comments, let me know. http://www.aspenx.net/upload/Front.JPG http://www.aspenx.net/upload/Back.JPG
This is called an offset error. It is a full offset error, which occurred when a sheet of paper didn't make it into the press. The ink for the 2nd printing was transferred to the impression cylinder on the opposite side, and caused the front design to be printed on the back. Because the offset is light, it means that this sheet of notes was probably one of the last few to get this treatment. The darker offsets bring the highest premiums. The front to back offset error is the most common, but a full design offset is not. The book "United States Paper Money Errors" 3rd edition has a 1969-B $1 FRN offset front-to-back complete listed at $75 in Fine, $125 in Extremely Fine and $200 in Choice Uncirculated. In my opinion, this note might grade around Extremely Fine, but it is hard to tell from these photos. Because this printing is from a more recent and plentiful series than the 1969-B, I would put a potential closing price at auction somewhere between $60 and $90.
Follow your grandfather's wishes. Unless it was given with the understanding you may sell it, just keep it and appreciate it's true value as a gift. What little money you may sell for would quickly disappear, but the value it may have as a token from your grandfather can last a lifetime.
Have to agree with funkee on this one, although my price guide gives a higher value for these notes as the grade increases. I'd say with a full offset like this, you could get up to $200 for the note if it is in XF condition. I'd hold onto it though as they appreciate in value.
