Coin and Paper Money Collecting/errors on mint 1$ bills

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Expert: - 10/28/2009


Question
Back in 1995, I received about 20 brand new $1.00 bills. Two of them have the backside of the bill on the front side.It is very clear but it is backwards.The two serial numbers are A38387379 and A38387380. They are in mint condition. I kept them because my brother used to collect coins and currency. I can e-mail you pics if you need them. I just would like to know what they are worth. Thank you. David

Answer
Hi David:

Please excuse my delay in responding to your question. The Internet connection I use was down for two days, and I was unable to access any of my websites.

I do not believe I need your photos to assist in the valuation of your error notes. Condition is one of the key factors in establishing value. When a sheet fails to enter the printing press, the inked plates will transfer their image to the impression cylinder. The next 6 or 7 sheets will receive the impression from the cylinder while the other side of the note is being printed. The result is an offset printing in reverse on the already printed side. The approximate value range, based on the condition you stated your notes are in, is: $200 - $300 per note. The fact you have two consecutive serial numbers could add to their value, if sold as a set rather than individually.

If you choose to sell your notes, an auction would likely give you the better price. I suggest your notes should be professionally graded. You may want to check eBay listings under errors in US currency from time to time to see what these notes actually bring.

Please remember to go to the experts site to rate this answer. And check the nomination box on the rating page below any comments you may have.

Thank You and Good Luck in your collecting.

Coin and Paper Money Collecting

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Ronald Fern

Expertise

I can answer most all questions relating to US coins, tokens, and currency. I'm not strong on world coins or ancients. Primary field of expertise is errors and varieties. Over 55 years experience in coin collecting. Part time dealer since 1976. Employed by McDonnell Douglas/Boeing for over 34 years as an Industrial Engineer/Technical Specialist before retiring in 2002.

Experience

Worked weekends for "Lonesome" John in the late 1960's to mid 1970's processing error coins, packaging, and preparing orders. Worked with John Devine and Fred Weinberg on several California Error A Rama's in the early 1970's. Served as display judge at annual Error-A-Rama coin shows. Opened and operated mail order coin business DBA "CAL ERRORS" in 1976. Contributer to Alan Herbert's "Official Price Guide To Mint Errors" and Fivaz/Stanton "Cherrypickers' Guide". Worked Saturdays at Huntington Beach Coin Exchange 1980-1999. Had table and sold coins at a number of coin and gun shows in So CA, AZ and NV. Sell coins, tokens and currency currently at my space in the Pomona Antique Center. Past "Errorscope" Editor. Presently CONECA Examiner.

Organizations
ANA, CONECA, CWTS, NLG

Publications
Errorscope, Numismatic News, Civil War Token Journal, Error and Variety News

Education/Credentials
AA Degree LBCC pre Engineering, 1964 BS Degree CSULB Ind Technology, 1968

Awards and Honors
1st Place EAR Trophy for Civil War Token Errors, NLG Author of Year Award for best monthly coin column "Error News and Views" in small Numismatic paper, owned and published by Ray Anthony.

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