$5 1977-A Federal Reserve Note
this has a MISMATCHED
in this instance, it is specifically the
L 44 / L 45 xxxxxx B
although mismatches are a VERY POPULAR mistake, this is an unusual denomination for errors.
an IMPORTANT and NECESSARY PART of EVERY "TYPE"
COLLECTION of ERROR notes
mismatches are rather subtle, so most escape and enter circulation
before being spotted--any high grade example is a genuine exception
mismatches occur in one of two ways: either the press operator fails to properly set the two independent numbering wheels in synch (this generally reflects a mismatch at the beginning of the serial number) or the numbering wheel sticks on one side and continues to advance normally on the other
some mismatches have only one or two known, those are extremely rare and extremely valuable because of the few known; others have many known--which makes them perfect choices to serve as a examples of the error
some collectors attempt to acquire:
--one of each known variety
--one example from each denomination
--one of each type and denomination of FRN and SC including
BOTH mismatched serial numbers and mismatched prefix/suffix
--one of different high-grade examples
--OR--simply one of whatever strikes the collector's fancy as opportunity and resources permit
in particular, this example boasts:
RETAIL VALUE of $750
This particular example has been independently authenticated and graded by
at the grade of
Choice New 63PPQ
The book, United States Paper Money Errors, by Dr. Frederick J Bart, is also available on eBay from our firm and other sellers. There is an entire chapter devoted to the mismatched error along with many illustrations of the mistake. It is an invaluable guide to all types of currency mistakes and misprints.
Although we believe our price is very fair in the current market, it is our desire to place quality banknotes into appreciative collections. Feel free to make an intelligent counter-offer if a discount will land this note into your collection.