Expert: Ronald Fern - 3/27/2010

Question
1957 one dollar bill
G54445284A
G55445284A
lower right  E242
upper left   E3
I have looked for hours and can't find anything on it
It was found in 1957 in Columbus,Ga the bank that it can from received 4000 of them and asked that if anyone had one to return them there was a lot return.
Thanks For Any Help
ALLEN

Answer
Hi Allen:

Thanks for giving me the opportunity to answer your question.

Your bill, with that date and series, is one of the more "common" and better known mismatched serial numbered error notes. Bills are printed in sheets of 36 notes and in three phases. Obverse print, reverse print, and serial numbers with seals print. It is likely quite a few sheets were printed with the numbering devices out of phase that applied the serial numbers during the last phase of printing. Your sheet, with the errors, went unnoticed during the cutting and final inspection phase.

A bill in crisp Uncirculated condition like yours would have a value of approximately $200 to $350 to an interested error collector. There are some date and series, along with the condition, that could bring up to $700 to $1000.

Here's a link for currency grading: http://www.cganotes.com/

Here's link for you to view different types of error currency and their values.

Link: http://www.coinsite.com/html/uscurrencyerrors.asp

Here's a link with information on FRN's: http://en.wikipedia.org/wiki/Federal_Reserve_Note

Here's a link for $1 bills: http://en.wikipedia.org/wiki/United_States_one-dollar_bill

You may want to check US currency listings under error notes on ebay from time to time to see if your error is listed what this type of error note brings. Here's a similar one presently listed: http://cgi.ebay.com/XL-1957B-1-MISMATCHED-SERIAL-ERROR-PCGS-GEM-NEW-67PPQ_W0QQit...

Always try and get at least two opinions and try and deal with PNG dealers if possible. If you should decide to sell your bills to a dealer, remember they will offer about 50% to 60% of the retail value. Here's a link to find one in your area: http://www.pngdealers.com/dealersearch.php

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.