| Author |
 Replies: 14 / Views: 5,507 |
|
|
New Member
United States
2 Posts |
Hi, I have no clue what I have here if anything at all (other than one dollar) so any info is greatly appreciated. Thanks.   Edited by Dpak
06/02/2017 2:27 pm
|
|
|
|
Pillar of the Community
 United States
2843 Posts |
Definitely collectible. Probably could fetch as much as $50. Based on a similar ebay sale. |
|
Pillar of the Community
United States
4637 Posts |
Welcome to CCF Dpak.
Very cool error. I'm not sure of the technical name and will send an image to Dr.Frederick J Bart to get his opinion. I'm guessing it's not from circulation, given the series...where did you get it?
|
|
Valued Member
United States
261 Posts |
Cool bill. Thanks for sharing.
|
|
Pillar of the Community
United States
4846 Posts |
That is a very very cool error, dont try and de-crease that fold because that is a direct cause for the shifted overprint.
|
|
Pillar of the Community
United States
1695 Posts |
Nice! Where did you get it?
|
|
New Member
 United States
2 Posts |
According to my grandfather he got it as change a few years back. I don't know the validity of that story.
Edited by Dpak
06/02/2017 3:51 pm
|
|
Bedrock of the Community
United States
94367 Posts |
Just great. I find the cut-out lower corner difficult to understand.
|
|
Pillar of the Community
United States
4846 Posts |
Coinfrog, that happened because somewhere between the first print(serial number+ fed seal) and the second print(the rest of the design), that fold got unfolded, had it not been unfolded, this would be called a butterfly fold I believe, where the bill gets printed on a folded piece of paper and unfolding it seperates it. I'm not sure what this would be called because the first pass was butterfly folded but the second pass wasnt.
|
|
Rest in Peace
United States
7075 Posts |
Adam_E, good explanation. Just as an experiment, I traced the outline of that note onto a sheet of paper. If I re-fold it, the cut-out on the bottom goes away and looks like a regular note. So -- the note was folded, got unfolded and then folded again.  Anyway, it looks unique to me and I would suspect that it is worth a more than $50. |
|
Pillar of the Community
United States
4846 Posts |
well, this particular note has been clearly circulated (somehow) and has a tear in it, so thats going to play a significant factor in the value of it. Regular gutter folds usually get $20-$30 on ebay, but since this is pretty large and relatively unique I suspect that it could get $75-150 if you sold it on ebay |
|
Bedrock of the Community
United States
12817 Posts |
Reminds me of those IQ test problems where you have to imagine the 3-D version of a 2-D, deconstructed cube in your head. As Buddy mentions, if you "replay" the folds, you'll see it folds down to a $1 note. Kind of like a "MAD" magazine centerfold.
But, Adam, you have it backwards. The 1st printing (main design) would have been unfolded. The 2nd printing (overprint -- seals and SNs) would have been when the sheet was folded. So somewhere between the intaglio printing and the overprint, the sheet got folded causing this very cool error. My guess is as it was fed into the press.
Anyone know what the serial in the upper right corner means? It was part of the original larger, untrimmed sheet but due to the folding, didn't get trimmed away.
|
|
Pillar of the Community
United States
4846 Posts |
Ahh youre right celtic for some reason I thought that the serial numbers were printed first, not sure how I came to that conclusion  |
|
Pillar of the Community
United States
4637 Posts |
I heard back from Doris Bart (Fred's wife) and was told it is a type of gutter fold error worth somewhere between $300-$400.
1st Print...32-subject sheet, back of the note
2nd Print...32-subject sheet, front of the note excluding serial numbers and seal.
Between the 2nd and 3rd print, the 32-subject sheet is cut in half (lengthwise)
3rd Print...16-subject sheet receives serial numbers , Treasury seal and Fed.designation.
The gutter fold happened after the 2nd Print and during the 3rd print. Every sheet has selvedge at the top that is later trimmed off through the cutting process.
|
|
Rest in Peace
United States
7075 Posts |
Steve, that is good news! Quote:
Kind of like a "MAD" magazine centerfold. Wow, I haven't thought about those in decades.  |
| |
Replies: 14 / Views: 5,507 |
|
Posted 06/02/2017 2:54 pm
