$10 error note 1988A ..worth?

Hi! I work as a bank teller and am always looking for unusual money. Found this error note years ago, wondering if it is worth any thing.
$10, 1988A, L05494222C Thanks for any help :smile

 

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I'm not familiar with bank notes but I can assure you this is worth a decent amount.



LOL, what do I know.. I'll stick to coins

 

Welcome to CT, luv.
It's not a BEP error, but a fake error. This has no value over face. Someone has altered that note. The FRB seal and the serial number are printed at the same time. It is impossible for them to overlap like that.

 

+1

 

darn

 

That is incorrect. It is a genuine error and I woud put the value around $100-$200 depending on the condition.

Edit: To clarify, the 3rd printing does consist of both the seal/serial numbers and the district. However, it is apparently possible for them to be misaligned. How this is possible I do not know, when you ask the response is normally "It's proprietary".

Here is one that I own:

 

Also:

There a lot of fakes that involve chemically removing the the district seal and re-applying it with a stamp or printer. Every fake I have seen has left the district numbers in place, immediately identifying the note as a fake. I have seen more than a few like the two posted though, all known to be legit errors.

 

Hey, luv. That man in post #3? Don't listen to him on this one! He tries hard, but can't hit it out of the park every time.

 

I appreciate the help...I have worked in a bank for over 20 yrs and I know this bill is real. I actually got this $10 from our fed shipment. Dont know how they missed it but I had sense enough to keep it

 

Nice pick up.
It's in great condition and I'm glad to see that you have protected it.
Now that I see that there is a real good chance that it's real, I'd like to suggest
that you send it to PMG or PCGS for authentication, grading and encapsulation.
(PMG would be the fastest of the two.) IMO that would make it bring more in an auction.

 

I will definitely send it in to be graded, along with several others...my retirement plan...lol Really the best thing about working as a teller is that I find a lot of interesting money...been finding a lot of star notes lately and silver coins

 

I've always been told and read that those errors cannot exist, just as Rick originally said.

 

Me, too, but then jhinton goes and posts those photos and blows that theory right out of the water.

Just to be sure that there was no photoshop tricks (not a personal attack, j.) the cert checks out. http://www.pmgnotes.com/grading/NoteVerification.aspx?CertNumber=1181325-008

 

I believe the confusion is over district seal. It is impossible for that to be the only thing out of place and that is one of the most common fake "errors" you will see besides maybe the "miscut" sheets. When the district seal and the four corresponding district numbers are all misaligned with the correct spacing, that is more than likely a genuine error. No doubt that an enterprising con artist could create one that looks just like this, but upon close inspection you would be able to see where the original overprint was removed.

 

I'm glad it checked out, as I have never checked it myself

 

A bit more detail:

On older notes like this 1988A, the overprint has two parts: (a) the green seal and serial numbers; (b) the black seal and district numbers. It's possible for either part to be shifted independently of the other, or for both parts to be shifted together. But each part moves as a unit: you can't have the black seal shifted but the district numbers normal, and you can't have the green seal shifted but the serial numbers normal.

On more recent series, after the redesign, the overprint actually has *three* parts: (a) the green seal; (b) the green serial numbers; (c) the black seal and district letter/number. Any one of those can be shifted separately, or they can all be shifted together. So on these series, it's even possible for the green seal to overlap a serial number, something which never happened with the older designs. (For the same reason, it's also now possible for the green seal and the serial numbers to be slightly different shades of green, if one of the supplies of green ink wasn't mixed just right....)

 

You said it a lot better that I did!

 

Numbers has it right. This is a legitimate error and is called a Misaligned overprint of one color.

If the note is uncirculated, I would put it in the $300 range.

 

Ya learn something new every day!
Ya unlearn something old every day, too.
Thanks to all that corrected me.

 

Thanks for all the info, really learning alot