1988A $20 Bill missing 3rd print (never circulated) pulled by Bank Teller

We have a 1988A $20 bill (actually 3 bills including the one before and the one after), that has no seals and no numbers.

These bills arrived in a stack of new money, and were pulled (and paid for) by the teller...never circulated. The bill before and after are perfect. The one in the middle missed the 3rd printing (?).

We have seen differing opinions about bills like this.

What might these be worth, and how do we proceed (i.e. getting the bill rated or certified, valuation, etc.)...?

Any advice is appreciated.

 

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One option would be to submit it to PMG for grading and attribution of the error. I don't know if you will be able to prove that it was "the note in between the other two".

Chris

 

Thanks Chris...my cousin was a Numismatic (?) in Raleigh, NC, but passed away several years ago. I think Ted Hendrick was involved with a society up there. I may reach out to them.

 

If you have had LCS (local coin store) look at them then I would assume they told you that the one before and after were each on different sheets and this is why they would be okay.

I would have them graded if it were me.

 

Pictures of the actual notes would be helpful.

 

I would get those notes into mylar holders asap. There's already damage on the second and third ones, and if it turns out to be real and worth something, less damage is always going to be better.

 

Oh...that is a xerox of the 3 bills together (the copier had scratches, apparently)...the actual bills have been are in an acid free storage and in a safe deposit box since they were new. The local coin store offered $60 for all 3 bills. LOL.

 

That's sad

 

There's still a Dot Hendricks who is involved with running local shows.

 

With out a serial number would be next to impossible !!

 

To give you an idea of the value of the note with the missing overprint, the 3rd Edition of Paper Money Errors by Dr. Fredrick J. Bart indicates a 1981 $20 FRN with missing overprint is valued at:

• Fine: $150
• EF: $250
• CU: $500

 

Thank you for the info...

Not to be morbid, but my elderly mom has asked me to help her with this project so that it would be "fair" to her children in her will.

She worked with (and retired from) a state bank where she was in charge of receiving new money and allocating it to the tellers. She bought the bills and put them in acid free paper, and stuck them in a safe deposit box.

Any info is a great help.

 

I agree with this. The two with serial #s are consecutive. There is not a missing # in between. I'm not disputing the story, but I can't imagine how it could be proven.

 

Can you use plate block numbers to prove it?

 

Silly question. How can the misprinted bill be a "between" when the sequence of 7 and 8 are there ?

EDIT:I should have finished reading, already queried.

 

Depends if it was an albino printing. It it was, the serial numbers will be visible under ultraviolet light.

 

A fairly common error but they seem to be bringing $300-$400 retail.

Might get more if graded and certified but might cost more to grade it than would be the increase in value.

I would probably pay $150 if it walked in my shop.