I've had this note for a few years, but have never actually known what I have or what this type of error is called. Please advise correct terminology and any "ball park" estimates at the value. I know it's not worth much, but I would like to have some idea.
In crisp unc it might be worth a modest premium over face value, it’s cool; too bad it's been folded. I'd hang onto it anyway
It is worth a lot more than face value, even circulated. It is known as faulty alignment. A dramatic specimen at that. You must be careful of these as some on ebay, purposely miscut uncut sheets of notes to fake this type of error. These are easy to spot, as BOTH SIDES of the note are "misaligned". The fact that yours is misaligned only on the reverse proves it to be genuine. I will try to research a value for this.
Hello bzcollektor, Thanks for the reply. My mom was a bank teller and she found this one in her cash drawer several years ago. I've got the Whitman US Currency Guide, but still haven't been able to figure out what the note may be worth. Regardless of it's value (or lack thereof) it's still one of my favorite pieces. In case you can't tell from the scan, this is a 1995 note. Any information you can find will be greatly appreciated.
This site: http://www.coinsite.com/html/USCurrencyErrors.asp Puts the value of this error at $300-$600. This may be a little optimistic, but it is a keeper for sure. I couldn`t find a simular note on ebay.
I wonder how much the denomination of the note affects the value? For example, if the $20 note on their site is worth $300 ~ $600 would that mean that a $10 note is worth half of that, and that a $1 note is worth 1/20th of that price? Certainly I'd have to think that a $20 error would be worth more than a similar $10, $5, or $1 note..... but exactly how does it break down? Great link though, I've bookmarked it for future reference.
I would guess higher denomination errors are always worth more, just because of the shear numbers of $1 bills printed. Your note is definately a good find in any case!
This is OT Air, but you should look this up. http://www.cointalk.org/thread8163-question-about-airtites.html Speedy may chastise me
I've always called these (and heard them called) Second Printing offsets. The obverse was printed first, then the reverse was printed second, then the third printing was the seal/numbers. During the second printing the sheet was fed improperly and that's how this error was born. I have bought and sold several of these over the years and I think if you searched at coin and currency shows you could find one very similiar to yours for less than $100. The denomination could very well make a difference in price, since higher denoms usually are more scarce/desirable, but that rule is not absolute. If $10's were more common than $1's, they'd be cheaper, percentage-wise. Nick
Hello TraderNick, Sorry for the late response, but I've been out of town on business. In your personal opinion what's my note worth? I'm not looking for absolutes or book values, just your experiences with this error type and denomination.
