Web Press (Web-Fed) notes.

Sorry, I can’t help. I have never seen anything like that before. I wouldn’t even want to guess.

 

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Hey Jersey Magic: Wanted to thank you for taking time to look it over. It's a different color ink, purplish look. If it hadn't lined up straight across the edge of the note I would of guessed it was applied by hand. If it were a rare Web Note I'ld send it in to get it confirmed, but it's common as a regular note.

 

Looks like post printing damage. You wouldn't find diff colors of ink in the BEP process.

You could do research to see if Crane had markings on the ends of rolls, but I find that unlikely. You should also be able to find the location of the press plates in the web press (sorry, I don't know offhand what they are). To have any chance, it would need to be a plate from the far right side. You could also research were the serial Number fit into a print run. Once again, unless it was at the end of a print run, it would have no chance of coming from the end of a roll.

Without that kind of documentation, the simplest explanation is usually the best explanation - inked while in circulation

 

Yes I thought @ the same mostly the color. I can study up on the plate position which I do understand to some degree. If anything I should learn something new. I received the note in a group lot at @ $1.50 each.

 

Hey everyone: I had a thought mostly dealing with web notes. Does anyone know if the BEP removes serial number one notes from public. I heard that rumor many decades ago. I dought that is true but who knows? My thought would be it would mess up the count on a pack of 100 notes. SN#1 should end up on top when it gets cut & wrapped. Web notes would only have a few but never seen one listed. I should throw in why is the #1 note given that status? I think it starts counting at the Highest number of the first run of each block & end on count number one that ends on top. I could be wrong getting old you know. HaHa I do know why the #1 is the number one.

 

High again: With the web notes. Is there a list of block numbers, runs & plate position combinations that were printed but might have been destroyed. Is there any information what percentage of each run were destroyed? I dought the F* replaced all the notes destroyed of the web notes. Biggest ??? Is there a census by SN#,Block,Run,Plate Position that is public knowledge. I would think the grading serves are keeping track of the notes but I don't know if a peon such as I could use it? Who knows.

 

I am with you. I would much rather collect the high numbers 999999XX. Should be the best "impression". Who wants the one that was printed last. It is like the lithographs of fine art. Everyone wants the 1/XXX because it is the FIRST one printed and usually the sharpest.

 

Now that I know the ink is purplish I would definitely vote for it happening in circulation and would consider it damage. But I have been wrong before!

 

Yes: Should be the best impression cause the plates do wear down.

 

First Series to be printed on the experimental Web Press at the Bureau of Engraving and Printing in Washington, DC.

 

You mean they had a star note run of one note?

 

The only "Star" note in the "Webs" was Atlanta.

 

I noticed them back then. That's the reason I started collecting all types of currency in 1993. I have many that are unc and the tellers I knew started holding them for me. I have several hundred and have no idea today how much they are worth. I just got them and placed them in holders. I collect so much stuff. I still pull all the "Stares", that I come across because you can't know the % of their survival rate.

 

See post #14, there are prices there. Probably not accurate today but a start.

 

High Jersey magic man: Thanks for the reference to post #14. I have all three of Bob KV's books on web notes. I also have my own census on the web notes because of their book. I didn't trust the information or price guide so I did my own research. I would say it might be @ half right at best. I am look to add to my census & solve a few questions along the way. I see reference to a census by Murray. I tried to see who he was & his list of the top 50 web notes. All I gathered was the list he started many years ago as to track the top 50 notes that they thought were the rarest at that time. It was more of a club project I was told & I don't think any SN#'s were kept. I don't know that is true or not. Some of the auction sites will refer to his census as a certain numbers known so there must be a List. Bob KV in his last book gave part of a list on the F-* & B-L notes known. I wonder what his full list is for all the other blocks,runs & plate combinations? My findings on the F-* is there are at least 2000 mint state notes existing & 71 circulated that I have tracked with SN# & Condition/Grade. These are being released a very few only at a time. I don't see why the high prices except for supply & demand. Just like the 1955 double die wheat penny. I think there are @ 25000 mint state of those & expect to spend $2000.00 up for one. It is a big error. The B-L Note I see at least 700 mint state notes & 129 circulated notes. Much rarer than the F-* but it's main problem is finding a well centered note. Top or right side usually has a very short margin. I know a guy here in Maine who had a full pack of 100 mint state notes in his safe. I was at a coin show with my friend who bought a coin & in his change was a circulated B-L web note. He took it to another table who buys them & sold it for $250.00. His friend asked him what just happened & so was explained to him what a web note was. He is a coin dealer & said he would have to check his safe at his shop. Later he let us know he had a full pack of the B-L. He started selling them at $400.00 each then $600. then $800. & ended on $1400.00 each & only sold @ half the pack & put the rest away for his children. I don't know if he is still living this was many years ago & he was @ 90 years old then but in great shape. My friend Larry now pasted started me on this quest on collecting them the KV books started my research on them. When Larry past I was able to buy @ 800 webs from his brother & larry received all theses from a relative who worked at his bank who pulled them out of circulation for him around the turn of the century. I will cut short the chat for now. I don't know when to stop talking. Till later then.

 

-It's interesting that you did your own research (not many collectors do). However, you have to remember that consensus (a number of sitings/research findings) from all over the US can be more accurate than one's findings from a particular area. If note distribution just came out from your area, than I would be willing to bet on your findings (but that's not the way banknotes are issued). That being said, however, I'm sure you've made some interesting observations as clearly you put a lot of thought into your findings.
I have studied prefixes from the 2013 Bank of Canada polymer Tens. With a combination of my data & data I've seen on an online database, I have concluded that a certain FTH prefix with the Macklem-Carney signature is very scarce (13 notes have been reported). Despite this, & 673 FTH notes with the newer 2nd signature combo, our catalogue continues to publish & list the 2nd prefix as being more scarce (higher BV)! So, these things can be quite frustrating.
I have never been a big fan of Devil Face 1954 notes (printed in the millions) but b/c world demand is so high, their BV eclipse all logic. So demand is often more important than the facts.

 

Notaphilic_C: Thanks for your reply. I do understand many sources of information across the USA will give a better picture of the whole. I did that with that in mind. I have all the major auctions data from their archives. All the information off notes that crossed E-Bay & Most of the main dealers that post web notes on their sites. I do know there are many notes yet to be seen not in my data. My list is by Year, Block, SN#, Grade, Description, Run & Position Combination & sales & dates, Centering of margins etc... This has proven itself thus far. Example: 1988-A A-F Block Run#1 Pos#3/2 List in the KV Third Edition Book at $10.00 in fine, $35.00 in EF & $70.00 in UNC. This note is a Tough note. I haven't seen any listing for sale in my data yet. No CU's or Circulated either. I know some should exist to start off at such a low price doesn't make since. This is only one example with many just like this. There are a few others researchers with good information out there that have done the same research as I. I see when bidding on a similar rare note listed very low price sell in the hundreds at a low grade of fine. I see this many time over. I'm not putting down the KV book. It is a reference tool only & I see it for what it is. My data for all three years is well over half million SN#'s of web notes so it is a vast list. I also have a similar list on Maine National & Obsolete & Scrip with photos & very detailed information. Little OCD I know. It's about all I can keep up with for the last 30 plus years but fun. I do collect all these types of notes & have sold much over time or have to listen to my girl get upset. She knows she can't stop the collecting just slow it down. The webs I'm working on now is the long set. I dought I will ever finish it but hopeful. I knew this from the beginning. I will need @ 53 more to complete the set & not all are the hardest cause I look for the rare ones first & fill the commons later or upgrade. I do have many extras just can't let a scarce note go by. I would like to know if there are other census list available to add to mine & of course information on the Murray list of top 50 web notes & how that list was started & does the BEP remove the SN# One Notes now? I don't think they do but who knows? Again I talk to much. I definitely don't know everything yet. Stay in touch. I know I don't know squat @ Canadian notes. I do have a strange one on that topic but really don't know how to describe it to you without having to look for it then take a photo again to try and list it here. I'll try but not for a few days at best. Again, Thanks for your reply. I will try & help anyone who wants to know more about note I research. Just send a question to me.

 

You are apparently more knowledgeable than I in regards to WEB notes. I will just sit back and watch this thread to learn something.

 

-your knowledge/observations of WEB notes is quite deep & extensive. I apologize if I came across as if I didn't appreciate this. However, it is quite common for there to be a slight delay in such information to come to light or be accepted/embraced by the collector community. Many times collectors are coin collectors first & banknote/prefix collectors second. They can be 'generalists' & unmoved by the finer details of which WEB note is rare (or common) & let price guide them. I've seen this often (nobody really cares that much for today's rarities & our Canadian notes are much more popular from 1970's and prior).
About 30 years ago, our Charlton catalogues didn't cover some of the signature change-overs & the type of data we take for granted today. The hobby has truly improved over time & that could be the case for the WEB pressed notes. I like special serial numbers but I know many collectors who don't care for them.
The reason I made my point about World collector demand (of our 1954 Devil's Face notes) was that I know that a series reputation can also influence the BV's and market values we'll see these notes sell for. I often use it is an example to illustrate how demand can often trump scarcity (in terms of the final hammer price these notes realize). The demand for that series always floors me. It is also possible that once world demand improves, there may also be more recognition & demand for certain WEB blocks.

Keep up the good work of disseminating your findings!