UNCUT PAIR: GIORI PRESS TEST NOTE Green Uniface West Germany Test PCGS Gem New 66 PPQ

Giori Press Test Notes remain legitimately rare in any format or color. The opportunity to acquire an example of this fascinating government experiment should not be taken lightly.Information released in 1972 indicated that the BEP had sent trial plates to West Germany to evaluate a printing press designed by Gualitero Giori of Italy. Reportedly, the press would significantly out-produce the machines utilized by the BEP.  To accurately test the presses, without compromising national economic security, the BEP created printing plates comprised of canceled segments of current plates. Release of an entire original plate would invite counterfeiting; use of a different style of printing plate would not accurately assess the new press.Two distinct obverse or face plates were generated. One included the vignettes or portraits of Abraham Lincoln, Washington, and Ulysses S. Grant. The other selected Lincoln, Jefferson, and Grant to grace the front of the experimental paper money. The images came directly from the plates employed to print the one, two, five, and fifty dollar notes. In horizontally aligning the portraits, three bold transverse cancellation stripes were affixed across each image as a deterrent to counterfeiting. The phrase "The United States of America" was placed above the three engraved portraits. The style and layout of the phrase came directly from the upper portion of the back of a five or dollar note.In creating a trial plate to test the Giori press, the B.E.P. interspersedsolid blocks (which overlapped certain letters) across the legend identifying the country of origin. The back or reverse of the trial notes exhibit a collage of design elements from several distinct denominations. central vignette shows a representation of the Lincoln Memorial, as depicted on the back of a five dollar bill. The upper right and left corners demonstrate the numeral (with overlapping word) one from the back of a one dollar bill. Likewise, the words "The United States of America" appear at the bottom of the back of the trial pieces, were scavenged from the upper portion of the back of one dollar bill presently in circulation.Other design elements on the back come from the front of one dollar bills, as well as originating on different denominations.Most collectors consider any Giori test note a cherished possession. In the late-1970's, individual pieces sold for $350 each, with the extremely rare 32 subject uncut sheets fetching nearly four thousand dollars. In the intervening decades, many uncut sheets have been cut into singles and pairs to satisfy the enormous demand among paper money collectors and institutions.Giori press test notes are an integral part of United States paper money: the experiment proved successful and the B.E.P. purchased presses which still remain operational. While every collector of U.S. currency should have at least one example in their holdings, Giori notes appeal to the general public. Most authorities believe that the green uniface pieces were printed later in upstate New York.These fascinating pieces contain portions of notes familiar to every American; hence, their broad appeal. Ten and twenty years ago ample quantities existed to meet the demands. Today, demand far exceeds supply. Should this condition continue within the marketplace then it might be logical to assume that prices will continue to escalate.

Series Year	N/A
Country	United States
Denomination	Uncut Giori Pair
Grade	66 PPQ
Signature	-
Grading Agency	PCGS Currency
Category	Small Size $1 Federal Reserve Notes
Serial No
Status	Active
Seal	-