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Coin and Paper Money Collecting/1977 $10 bill double print

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$10 bill double printed back
$10 bill double printe  
I have a 1977 series $10 bill double-printed on the back that my mother had kept in a protective sleeve in a closet for the last 30+ years.  I have no idea what it would be worth on the open market, although I had a dealer look at it and offer me $150 on the spot.  Based on what I've seen on eBay it seems that it could be worth quite a bit more.  It's in excellent condition (see photo).

Also, I don't know the best route to selling it.  Can you offer any advise?

Answer
Ted:

Nice wet ink transfer. If 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. approximate value range: $200 $300

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

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


If selling, you'd do better selling directly to collector or to a major auction house that could showcase the error bills. They usually charge about 20% commission.

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

Your bills should be looked at by an error expert. My recommendations on who to sell to:
http://www.fredweinberg.com/ (a personal long time friend)
http://www.executivecurrency.com/

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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. Contributor 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 on Facebook. 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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