FINEST OF 2 KNOWN: Cancelled Plate Note
When it comes to US Paper Money Errors, we're regarded as the industry experts with the first edition of "United States Paper Money Errors: A Comprehensive Catalog and Price Guide" by Dr. Frederick J. Bart released in 1994 and the fifth edition slated for release by early 2025.
This is unlike anything we've seen before as this oversized note was printed from canceled plates with four large green “Xs” on the back and four large black “Xs” on the face. The note is devoid of the overprint. Although mere conjecture and speculation, the most educated assumption one can arrive at, barring additional input and/or correction from the BEP, is that another portion of the plate cylinder was severely damaged causing the press operator to cancel all plates with four “Xs” on each side prior printing the sheet and presumed subsequent destruction of the entire plate cylinder rendering it unusable for additional printings.
Authenticated and graded by PMG.
Series Year
1988
Country
United States
Denomination
$5
Grade
63 EPQ
Signature
Ortega Brady
Grading Agency
PMG
Category
Small Size $5 Federal Reserve Notes
Serial No
unknown
Status
Active
Seal
Green
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