$20 error

Discussion in 'Paper Money' started by Joshg1928, Apr 19, 2021.

  1. Joshg1928

    Joshg1928 Active Member

    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.
     

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  3. happy_collector

    happy_collector Well-Known Member

    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.
     
  4. Joshg1928

    Joshg1928 Active Member

    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
     
    Tater likes this.
  5. SteveInTampa

    SteveInTampa Always Learning

    Nice error note. I would value it between $400-$600, maybe more.
     
    SensibleSal66 and paddyman98 like this.
  6. Mountain Man

    Mountain Man Supporter! Supporter

    Your father had a good sense that it was unique. Nice to have.
     
  7. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    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
     
  8. Joshg1928

    Joshg1928 Active Member

    @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.
     
    SensibleSal66 and masterswimmer like this.
  9. masterswimmer

    masterswimmer Well-Known Member

    I agree. That 'might not' be the most sound advice you'll ever receive. ;)
     
    SteveInTampa and SensibleSal66 like this.
  10. SteveInTampa

    SteveInTampa Always Learning

    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.
     
    masterswimmer likes this.
  11. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    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.
     
  12. SteveInTampa

    SteveInTampa Always Learning

    Duh...you’re just stating the obvious.
     
  13. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    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.
     
  14. SteveInTampa

    SteveInTampa Always Learning

    Well, what happens if you cut it out and it’s perceived as an AU note ?
     
    masterswimmer likes this.
  15. Collecting Nut

    Collecting Nut Borderline Hoarder

    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.
     
    masterswimmer likes this.
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