Low 2 Digit Serial Number Federal Reserve $1 Bill Note

This Note is a Keeper

This is a COPE error note, and what I consider to be a sleeper when it comes to 3rd print errors.

The BEP is slowly phasing out the COPE overprinting for the newer LEPE Serial Number overprinting, and unlike COPE, that cuts the stack of 32 subject sheets in half vertically, into 16 subject sheets prior to printing the serial numbers, LEPE does not require cutting and prints the whole sheet, making it impossible for "Switched" note serial number plate locations.

Your note's serial number is assigned to Plate A1, and your note is A3 (third quadrant location).

I started checking all the serial numbers on notes I receive from series 1988 to date, as standard runs consisted of 200,000 sheets per run & 100,000 sheets per *star run, making it easy to track note location, and have found a few switched plate errors that I set aside.

I believe currency collectors in the future will accept this as a genuine 3rd print serial number error when COPE (like the Alexander Hamilton Web Press) becomes nothing but a distant memory.

FYI ~ the serial number for Plate Position A3 on Run #1 should be E03200051E.

Below is a link for COPE versus LEPE.
Needless to say, I spent many hours/days and learned quite a bit on how to chart serial numbers...

It was this site that taught me that serial numbers are "assigned" by plate location, and all serial numbers on a 200,000 Note Run will have serial number 00000001 to 00200000 in Plate Position A1, 00200001 to 00400000 in Plate Position B1, and continue to H4 (06200001 to 06400000)...

http://www.uspapermoney.info/general/lepe.html

Hope this helps

http://www.ebay.com/itm/11139189828....m1558.l2649

I listed it on ebay for fun just to see if it is really worth more than a buck.

Thanks for explaining the error to me. I would have never known, it don't look like anyone tries to sell these types or errors. I am guessing most people would not even know it was an error.

Kris

Are there places/ways to conserve/restore bank notes that will Not detract from their value?

I am certainly not expecting it to sell for much because it is so worn. I have no idea if you can conserve a note but I would almost guarantee something like this would not be worth the effort. It will look a lot better in a sleeve though and it will keep it from getting any worse. I just don't have one at the moment to put it into.

I can't hold onto a $20 long enough to look at the serial number, lol. Actually, I did find a star note $20 one time. I did not know anything about it other than seeing the star on it so I asked the local coin dealer and he told me more about them. I think I sold it for $21 plus shipping or something like that on ebay.

It looks like your super low serial # was printed correctly, as it has the A1 designation for the first plate. Some of these low serials in high grades can bring some really good money. Could you imagine working at a bank and being able to buy up entire stacks with low digits or star notes, etc...

It ended at $22.50 and had a pretty good bidding frenzy in the last 10 seconds. I am very happy and thankful! This was totally unexpected but, it was a pretty rare find.

Are the COPE switched plate serial numbers regularly bought and sold as errors?