Expert: Ronald Fern - 9/19/2011

Question
My uncle has a $2.00 bill that as nothing on the back of the bill, it is all white

Answer
Hi Debbie:

It sounds like you have a nice error bill. This would be a bill that was missing the first printing operation. You don't mention the date, series, or condition of the note.

Bills are printed in sheets of 32, so there's a possibility your bill may have another like it out there. This error happened when two sheets likely stuck together during the first printing operation, and went undetected during the face printing, serial number and seal printing, cutting and final inspection.

Since October 1, 1877, all U.S. currency has been printed by the Bureau of Engraving and Printing. The currency is distributed through the Federal Reserve District Banks. There are 12 Federal Reserve Districts, or regions, throughout the United States. Regional headquarters are located in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco. Additionally, there are Branches of Reserve Banks in 25 other cities.

I've checked the eBay listings for error currency with no reverse printing. There are several listings, $1's through $50's, but no $2. Here's the link for a $10 FRN: http://www.ebay.com/itm/10-FR2028-I-MISSING-BACK-PRINTING-ERROR-PCGS-35PPQ-VF-/1

The $10 FRN has a "Buy Now" price of $550. Your $2 note would likely be worth about the same to an interested collector.

You should consider getting your note professionally graded and put into a graded holder. This would give you the best price when and if you decide to sell your error. PCGS grades notes. See link: http://www.pcgscurrency.com/index.html

If you decide to sell your note, try and get at least two opinions as to it's worth from coin dealers who are members of both the ANA (American Numismatic Association) and PNG (Professional Numismatic Guild). To find a local PNG dealer go to this link: http://www.pngdealers.com/

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Thank You and Good Luck in your collecting.