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<p>[QUOTE="Dr Kegg, post: 1266159, member: 23476"]Alright, I've been excited about this all day since I'm a big error note fan (recently got into these). Here's what I can tell you about the notes based upon the scans. </p><p><br /></p><p>1. Value is generally not dependent on the denomination of the note, but rather the significance of the error. Therefore, whether the note is $1, $2, $5, $10, etc, it will not increase or decrease the value.</p><p><br /></p><p>2. The two $10 notes you stated as missing the face printings are missing what we call the 2nd printings. Notes are printed by the BEP and start with the back of the bill. The face is second and the overprints are third (seals, serial numbers). For your notes missing the 2nd printing, a guide for these is around $400 in Extra Fine and $750 in Choice Uncirculated. </p><p><br /></p><p>3. The two $20 notes you described as "double struck" is what is known as an offset printing. This happens when a sheet of currency fails to enter the press and the plate contacts the impression cylinder. When the next sheet is fed, it receives not only the original printing, but a transfer of the opposite side as well. These errors have a value dependent on the amount of the note that is offset, and how dark the offset is. Your notes fall into two categories. One is a medium face to back offset that covers the whole note and would be worth $100 in Extra Fine and $300 in Choice Unc. The second is a partial offset and worth around $50 in Extra Fine and $100 in Choice Unc.</p><p><br /></p><p>4. The $10 with nothing on the back is considered a blank back error, or missing the 1st printing. These are not as dramatic of an error as missing the 2nd printing or overprint, hence they are worth less. $200 in Extra Fine and $300 in Choice Unc. With the fold in the bill, it would automatically drop the grade to About Uncirculated to XF.</p><p><br /></p><p>5. The $20 note with the seal on the back of the note is an overprint on back error. This happens when a sheet is fed into the press with the back side towards the overprinting press instead of the front. A darker impression of this error would command higher prices, but yours is a lighter variety. XF value is $125 and Choice Unc around $300 for a darker variety. I would value yours in the XF $100 range and Choice Unc $250 range.[/QUOTE]</p><p><br /></p>
[QUOTE="Dr Kegg, post: 1266159, member: 23476"]Alright, I've been excited about this all day since I'm a big error note fan (recently got into these). Here's what I can tell you about the notes based upon the scans. 1. Value is generally not dependent on the denomination of the note, but rather the significance of the error. Therefore, whether the note is $1, $2, $5, $10, etc, it will not increase or decrease the value. 2. The two $10 notes you stated as missing the face printings are missing what we call the 2nd printings. Notes are printed by the BEP and start with the back of the bill. The face is second and the overprints are third (seals, serial numbers). For your notes missing the 2nd printing, a guide for these is around $400 in Extra Fine and $750 in Choice Uncirculated. 3. The two $20 notes you described as "double struck" is what is known as an offset printing. This happens when a sheet of currency fails to enter the press and the plate contacts the impression cylinder. When the next sheet is fed, it receives not only the original printing, but a transfer of the opposite side as well. These errors have a value dependent on the amount of the note that is offset, and how dark the offset is. Your notes fall into two categories. One is a medium face to back offset that covers the whole note and would be worth $100 in Extra Fine and $300 in Choice Unc. The second is a partial offset and worth around $50 in Extra Fine and $100 in Choice Unc. 4. The $10 with nothing on the back is considered a blank back error, or missing the 1st printing. These are not as dramatic of an error as missing the 2nd printing or overprint, hence they are worth less. $200 in Extra Fine and $300 in Choice Unc. With the fold in the bill, it would automatically drop the grade to About Uncirculated to XF. 5. The $20 note with the seal on the back of the note is an overprint on back error. This happens when a sheet is fed into the press with the back side towards the overprinting press instead of the front. A darker impression of this error would command higher prices, but yours is a lighter variety. XF value is $125 and Choice Unc around $300 for a darker variety. I would value yours in the XF $100 range and Choice Unc $250 range.[/QUOTE]
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