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Executive Currency - Offering Rare Paper Money for the Connoisseur

 
$1 1988-A FRN INVERTED OVERPRINT=TYPE I=WEB NOTE 8/8=PMG CHOICE EXT FINE 45 EPQ
 
$1 1988-A FRN INVERTED OVERPRINT=TYPE I=WEB NOTE 8/8=PMG CHOICE EXT FINE 45 EPQ
Larger Image
$2,995.00
$2,495.00
 
 
Description:

INVERTED   OVERPRINT

$1  1988-A  FRN

TYPE  I

ON A WEB NOTE 8/8

 

“Inverted overprints demonstrate the seals and serial numbers upside down relative to the face design. These dramatic errors result from uncut half sheets of currency being inserted into the overprinting prices 180° from the correct orientation. After accepting properly aligned first and second printings, the ends of the uncut hashes are it inadvertently transposed prior to entering the currency overprinting and processing equipment for the third or overprinting operation.”


 

Type I inverted overprints were printed prior to series 1981. Type II inverted overprints began with series 1981. These include an adjacent portion of the note at the top, or an abnormally wide upper margin sometimes including part of the sheet markings. These are sometimes referred to as dual or multiple errors and the extra note or sheet margin is sometimes referred to as a cutting error.  An example of each type is an integral part of any collection of United States paper money errors.

 

There are several ways to collect inverted overprints:

-by district, one from each Federal Reserve district A through L

-by denomination, one from each value between $1 and $100

-by type, one from each the Type I and Type II

-by variety, including a Federal Reserve Note, Silver Certificate, United States Note, and National Currency

 

Inverted overprints are among the most eye-appealing mistakes, which are available at an affordable price. This is precisely the type of error that even the non-collector can recognize immediately. Family members and friends tend to believe that these cost far more than what one actually should pay.

 

The note offered in this auction is independently graded and authenticated by:

PMG

in the condition of:

CHOICE EXTREMELY FINE 45 EPQ

 
         
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